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September 6, 2008
Bangkok - PTT Chemical Plc planned to invest more in the petrochemical industry, being content with its net profit.
Adithep Bisalbutr, president of PTT Chemical Plc, revealed the companys net profit was 5,280 million baht.
PTT Chemical Plc would focus on the petrochemical industry, especially in overseas markets.
More than 70 billion baht would be invested abroad during 2008-2012.
Investment in modern or high-technology countries would be targeted to build the market and add value to the products.
The investment plan was under feasibility study. Overseas investment would affect the companys liquidity.
Plastic pellets and chemical products will be intensively launched into the market after this investment plan.
Up to 50% of profit from the five-year investment is expected.
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