PTTGC says allnex China sales grow to 144,000 tonnes, driving Specialty Chemicals strategy

IndustryCorporate Action
โดย ทันหุ้น·THCN·Read original
Summary · why it matters

PTT Global Chemical, or PTTGC, is pressing ahead with rebalancing its business portfolio toward specialty chemicals through allnex, a global leader in coatings and additives, highlighting the potential of the allnex China Hub in Jiaxing, the most product-diverse manufacturing base in allnex's global network. This comes as China is the world's largest industrial coatings market and a market where allnex has operated for nearly 30 years. allnex currently has six manufacturing bases in China, with sales volume growing from about 98,000 tonnes in 2019 to 144,000 tonnes in 2024, an average of roughly 8% per year, with more than 90% sold to customers within China. This serves demand ranging from automotive, industrial metals, packaging and electronics to electric vehicle batteries, solar panels and wind power. Narongsak Jivakanun, Chief Executive Officer of PTTGC, said China today is not just a large market but is becoming one of the areas shaping the direction of technology and innovation for the industries of the future. In the first half of 2026, allnex performed better than planned through efficiency improvements and cost reductions, while allnex in Thailand has 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, serving the automotive industries in China and the Asia-Pacific region. This collaboration also prepares for PTTGC's MTP Transformation strategy, which aims to elevate Map Ta Phut into a hub for high-value, low-carbon chemical businesses in the Asia-Pacific region.

Impact on stocks 1

Materials▲ · 1 stocks

Theme Impact 1

Off-coverage companies 1

AllnexPrivate▲ Positive
DemandCapitalrelevance

allnex China sales volume rose from ~98,000 tonnes in 2019 to 144,000 tonnes in 2024, with over 90% sold to domestic customers.

Related news

▲2

Cabot Expands Battery Materials Platform With $50M DOE Grant

Cabot Corporation is expanding domestic production of advanced conductive additives at its Franklin, Louisiana, and Pampa facilities through a modified $50 million grant from the U.S. Department of Energy's Office of Critical Minerals and Energy Innovation. The funding, combined with approximately $75 million of Cabot investment, is intended to meet rising demand for energy storage systems, AI infrastructure, data centers, grid modernization and broader electrification. Under the revised agreement, Cabot will redirect funding from its originally planned Michigan project toward a two-site brownfield expansion, a move expected to accelerate development, improve production efficiency and strengthen supply capabilities. The investment will support Franklin's production of LITX advanced battery-grade conductive carbons, while the Pampa facility will establish Cabot's first commercial-scale production of carbon nanostructures and part of its ENERMAX product family, with both projects expected to become operational by the end of 2028. Cabot's shares have gained 17% year to date compared with the industry's 13.7% rise in the same period.
CBT ▲
Electrification & Mobility ▲Critical Materials & Supply Chain ▲Energy Transition & Power Demand ▲
Zacks Investment Research·17hRead more →
5

SCC jumps 3% after ROC resumes operations, KSS maintains 315 baht target

Shares of Siam Cement Public Company Limited, or SCC, rose 2.70% to 266.00 baht after the company announced the restart of production at its ROC plant, which has an olefins production capacity of about 1.35 million tonnes per year, from September 17, 2026, after it secured sufficient feedstock from sources outside the Middle East, such as Malaysia, Africa and other sources, for continuous production. SCC is targeting a combined utilisation rate with its MOC plant, which has a capacity of about 2.05 million tonnes per year, of more than 80%, close to pre-war levels. Krungsri Securities Public Company Limited, or KSS, said the restart of ROC within the late third quarter of 2026 was in line with the company's target, and maintained its "buy" recommendation on SCC with a 2027 target price of 315 baht, naming it one of its top picks, and expects SCC's normal profit in 2026-2028 to grow by an average of 110% per year.
SCC.BK ▲
Critical Materials & Supply Chain
Kaohoon·1dRead more →
9

SCGC announces Rayong Olefins plant restart after temporary halt due to Middle East situation

SCG Chemicals, or SCGC, announced that Rayong Olefins Company Limited (ROC), part of the SCGC business group, has successfully restarted its olefins plant after announcing a temporary shutdown in March 2026 due to the Middle East situation. The company conducted a comprehensive assessment of operational readiness as well as safety and environmental standards. Sakchai Patiparnprechavut, Chief Executive Officer and President of SCG Chemicals Public Company Limited, stated that the key factors considered in restarting the ROC plant this time included continuity in feedstock procurement, or feedstock security, and the readiness of the plant, along with the commitment to continuously deliver products to customers, partners, and all stakeholders. Sakchai also emphasized that the Middle East situation remains volatile and uncertain, so SCGC continues to closely monitor the situation and rapidly adjust its strategies to respond on an ongoing basis, focusing on feedstock procurement and on managing feedstock and production as efficiently as possible in order to increase opportunities and build competitiveness, while preparing for the changes in the increasingly challenging global petrochemical industry.
Critical Materials & Supply Chain
Share2Trade·1dRead more →
© 2026 MarketDXNews