Asia's top maker of aromatic petrochemicals, Thailand's Aromatics has estimated a drop in net profits projected for 2005, despite rising sales. As higher oil and feedstock prices boost costs, net profit is expected to fall to 5-6 bln baht (US$121-156 mln), as against the forecasted net profit of 10 bln baht- a figure achieved in 2004 also. Sales for the year are estimated to rise to 60 billion baht from last year's 52 billion baht.
Aromatics, 46% owned by top oil and gas firm PTT, produces 1.1 million tpa paraxylene and benzene, making it Asia's largest producer. PTT might consider merging Aromatics with Rayong Refinery.
27-Sep-05 
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