News Detail

26 Dec 2018 08:00:00
Approved investment in performance chemicals business
Full Detailed News
Download Full Detailed News

No.  16 - 044 / 2018

December   26, 2018
Subject : Approved investment in performance chemicals business
To         : The President, The Stock Exchange of Thailand

PTT Global Chemical Public Company Limited (the "Company") would like to inform 
that according to the investment direction in performance chemicals business to
produce and sell High Heat Resistant Polyamide-9T (PA9T) (production capacity of
13,000 tons/year) and Hydrogenated Styrenic Block Copolymers (HSBC) (production
capacity of 16,000 tons/year) through our joint venture company, Kuraray GC
Advanced Materials Co., Ltd that has been established on June 19, 2018. The
Company holds 33.4% shareholding, in cooperation with Kuraray Co., Ltd (KRR)
(53.3% owned by its affiliated company) and Sumitomo Corporation (SC) (13.3%
owned by its affiliated company). This is in accordance with the resolution of
the Board of Directors of the Company No.6 / 2018 on June 18, 2018. Recently,
the loan facility was signed on December 25, 2018 and the project is expected to
commercially operate in 2022 with a total investment of approximately 15
billion baht.
In this regard, the transaction is not considered as a connected transaction and
the transaction size does not require information disclosure under the rule of
the acquisition and disposition of assets of listed company.

Please be informed accordingly.
Sincerely yours,

Ms. Duangkamol Settanung
Executive Vice President - Finance and Accounting
This announcement was prepared and disseminated by listed company or issuer 
through the electronic system which is provided for the purpose of dissemination
of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only.  The Stock Exchange of Thailand has   no
responsibility for the correctness and completeness of any statements, figures,
reports or opinions contained in this announcement, and has no liability for any
losses and damages in any cases.  In case you have any inquiries or
clarification regarding this announcement, please directly contact listed
company or issuer who made this announcement.