PETRONAS Chemicals Group Bhd (PCG) announced its 2017 first half results today. The Group doubled its Profit After Tax (PAT) year-on-year, with higher volumes, boosted by the inclusion of its Sabah Ammonia Urea (SAMUR) plant, delivering increase in revenue and better EBITDA margin.
SAMUR which started contributing to PCG’s earnings from May this year, brings an additional 1.2 million metric tonnes of urea per annum, which adds 15% to PCG’s overall capacity. With its urea production capacity almost doubling, PCG revealed that the company is making headway in its plans to cater to the growing demand for urea by being the second largest urea producer in this region.
India’s robust growth trajectory and thriving demand for consumer products as well as clean energy to fuel its growth plans, have put Malaysia’s national oil company PETRONAS in a unique position to support the republic’s future aspirations.
PETRONAS, which has more than two decades of strategic partnerships in India, is enhancing its business strategy to strengthen and expand its presence in the world’s fastest-growing economy, said its President and Group CEO, Datuk Wan Zulkiflee Wan Ariffin.
Straits Inter Logistics Bhd, a Bursa Malaysia Ace Market Listed Company involved in Bunkering Services, has unveiled a new corporate brand identity to reflect its new business direction - “Straits – Navigating Possibilities”.
The launching ceremony is in conjunction with the Company’s Name and Logo change, which is intended to symbolise the Company’s positioning as a forward-looking and fast-growing company that denotes continuity and ability to change to suit varying challenges.