ongth60

ongth60 | Joined since 2017-01-11

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2019-08-03 10:02 | Report Abuse

Petronas Chemicals Group Bhd (PetChem) is expected to start up its PE and PP plants by the fourth quarter of 2019. PetChem will commission its 900,000 tonnes per annum (tpa) PP plant, which will add to LCT’s 640,000 tpa PP plant, upon which LCT will see its market share of PP production capacity in Malaysia decline from 100% (monopoly status) to 42%.

LCT’s market share of PE production capacity in Malaysia will also decline from 50% currently (with PetChem taking the other 50%) to 30%, once PetChem commissions its 350,000 tpa linear low-density polyethylene plant and 400 tpa flexi-high density polyethylene plant at Pengerang, Johor.

We expect the increase in production capacity to be in excess of Malaysia’s domestic demand, triggering price competition between LCT and PetChem for domestic and export sales, particularly to regional markets like Indonesia.

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2019-07-26 13:30 | Report Abuse

The Tribunal has delivered its final Award on 23 July 2019 in favor of the Claimant in the following terms:-



i. the Respondent to forthwith pay to the Claimant the amount of the Debt, i.e, USD13,252,658-91 (“Principal Amount”);



ii. the Respondent to pay interest at the rate of 1.5% per month on the Principal Amount calculated from 3 December 2017 and 26 December 2017 respectively up to the date of the Award (“Interest”);

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2019-07-26 09:55 | Report Abuse

material litigation awarded to fgv

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2019-07-24 16:10 | Report Abuse

owg also follow genm

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2019-07-19 21:08 | Report Abuse

@alphaqueen, say like not say, waste of space