Thailand's PTTGC To Invest $952MM For Expansion In 2018



Reuters

BANGKOK, Feb 21 (Reuters) - Thailand's PTT Global Chemical Pcl said on Wednesday it will invest 30 billion baht ($951.78 million) this year to expand its business.

PTTGC, the petrochemical arm of state-owned energy conglomerate PTT Pcl, expects 480 billion baht in sales this year, up 10 percent from 2017 on higher crude oil and polymer prices, Executive Vice President of Finance and Accounting, Duangkamol Settanung, told reporters.

Last week the company reported earnings of $1.25 billion, 53 higher than a year earlier.

($1 = 31.5200 baht) (Reporting by Wirat Buranakanokthanasan, Writing by Chayut Setboonsarng; Editing by Muralikumar Anantharaman)



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