PTT Global Chemical, or PTTGC, is pressing ahead with rebalancing its business portfolio from petrochemicals toward specialty chemicals through allnex, a global leader in coatings and additives, unveiling the potential of the allnex China Hub in the city of Jiaxing, the most product-diverse manufacturing base in allnex's global network. Currently allnex has six manufacturing bases in China, with sales volume growing from approximately 98,000 tonnes in 2019 to 144,000 tonnes in 2024, an average of about 8% per year, and more than 90% of that sold to customers within China, serving industries ranging from automotive, industrial metals, packaging and electronics to batteries for electric vehicles, solar panels and wind power. Narongsak Jivakanun, Chief Executive Officer of PTTGC, said China today is not merely a large market but is becoming one of the areas that shape the direction of technology and innovation, with roughly 1.8 million patent applications filed in China in 2024, or nearly half of all applications worldwide, and in the first half of 2026 allnex performed better than plan thanks to efficiency improvements and cost reductions. At the same time, allnex has also decided to invest in expanding production capacity for Sagging Control Agent, or SCA, in Map Ta Phut, Rayong Province, which will be allnex's first SCA production base outside Europe, to serve the automotive industries in China and the Asia-Pacific region. This collaboration also prepares the way for PTTGC's MTP Transformation strategy, which aims to elevate Map Ta Phut into the region's hub for high-value, low-carbon chemical businesses in Asia-Pacific.
PTT Global Chemical Public Company LimitedPTTGC's allnex China Hub sales volume grew ~8% annually to 144,000 tonnes in 2024, with over 90% sold to Chinese customers, supporting its specialty chemicals rebalancing.
allnex's China sales volume grew from ~98,000 tonnes in 2019 to 144,000 tonnes in 2024, serving automotive, electronics, EV battery, solar and wind industries.
