In a bid to exploit rapid demand growth in China, Thailand’s PTT Chemical is seeking an opportunity to invest in new chemical production in the country. The company, South East Asia’s largest olefin maker views China as its largest export market, and wishes to join the ranks of the major global petrochem makers who have a presence in China.
However, PTT’s investment plans will depend on market demand with a focus on the lifestyle of its biggest markets - Asean and China. The new criteria for investment will require the adaptation of human management as a novel way of thinking is needed to serve the new policy of the company. Its new investment strategy allows various options, from joint ventures, mergers and acquisitions to green field investment.