Home / Knowledge / News / Textiles / Net profits skyrocket 130% at PTT Global in Q3
Net profits skyrocket 130% at PTT Global in Q3
Nov '13
PTT Global Chemical revealed its operating performance in the third quarter of 2013, which showed increasing profits even againt the impact of three major events which had placed constraints on its operations, the incidents included an oil spill due to pipeline leakage, production suspension due to lightning strike on the waste incidents of Heat Recovery Unit or WHRU of PTT's GSP#5 to shutdown, and suspension of the operation of LDPE plant.

The company has adjusted its management structure forward planning for future growth, expanded its production capacity, created maximum value from integratingits production line, and enhancing the organization's position as an internationally ranked organization by global institutes.

Mr. Bowon Vongsinudom, CEO and President of PTT Global Chemical Public Company Limited said that the operating performance in Q3/2013 showed that the company had net profit at 9,610 million Baht, an increase of 130 percent from Q2/2013, this was in spite of the company's operation quarter being affected by three unexpected factors i.e., 1) Oil Spill Incident, 2) Plant Shutdowns, and 3) production suspension at LDPE plant for 2.5 months. The company resumed its operation one month ahead of schedule due to greater allocation of resources and efficientcy improvements to ensure that the LDPE plant was brought back online as quickly as possible.

Moreover, the company's position was elevated to international level as ranked by a number of global institutes. The company was: 1) Selected by Dow Jones Sustainability Indices (DJSI) of S&P Dow Jones to be one of the ten leading chemical companies recognized by worldwide investors, 2) Awarded the Best CDP (Carbon Disclosure Projects) in the category of management of climate change 3) Ranked no. 18 (previously no. 24) in the world by ICIS Top 100 Chemical Companies 2013, ICIS is a leading analysis institute for petrochemicals and chemicals businesses. The company is the only company among Asian countries ranked in Top 20.

The growth guidelines under the strategic plan includes business supplements for building profits from increased efficiency and maximizing value from integrated production within the current business base, and investment expansion into markets with potential growth. There are five key projects completed or under development to be completed by 2016 as follows:

-One million ton Olefin Cracker Debottlenecking Project scheduled to be completed by 2016

-TOCGC (Ethylene Oxide)Plant Improvement Project , scheduled to be completed by 2015

-PX (Aromatics) Expansion Project , scheduled to be completed by 2015

-C4 Value Enhancement (BV Project) - will enhance PTTGC's C4 value chain by upgrading to Butadiene and Butene-1, which will pave a way towards Butadiene derivatives scheduled to be completed by 2013

- Quench oil tower modification project to reduce naphtha to gas portion in I 4-1 mixed feed cracker the project has already been completed.

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search