PETALING JAYA: Amid a challenging chemicals industry last year, Petronas Chemicals Group Bhd (PetChem) has recorded its first annual loss since its 2010 listing.
Persistent overcapacity, subdued global demand and rising competitive pressure across Asia-Pacific had also been key factors.
In addition, continuous oversupply from northeast Asia and the Middle East, shifting geoeconomic policies, trade tensions and tariff‑related disruptions continued to weigh heavily on market access, pricing and margins.
PetChem reported a loss
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