KUALA LUMPUR (Apr 28): Petronas Chemicals Group Bhd (PCG), the petrochemical arm of Petroliam Nasional Bhd (Petronas), is keen to accelerate innovation excellence by pursuing collaborations with customers to develop new products and process technology opportunities in three main industries namely automotive, agriculture and food production, and personal care, said its president and chief executive officer Datuk Sazali Hamzah.

The company today opened its first marketing office in Bangkok, Thailand, as part of efforts to intensify its marketing and sales to maximise returns, especially in China and Asean.

"As a result, PCG has incorporated its overseas marketing subsidiary called Petronas Chemicals Marketing (Thailand) Co Ltd in Bangkok as part of its effort to enhance its regional presence," he said in a statement today.

"This has allowed us to be closer to our customers with a view to improving marketing and sales excellence. In particular, we are able to enhance our customer focus, ensuring that we understand and anticipate the needs and requirements of our end-customers.

"This includes developing customised solutions and providing high value product applications with attractive pricing,” Sazali added.

PCG (fundamental: 2.7; valuation: 1.1) shares closed 3 sen or 0.48% lower at RM6.23 today, with a market capitalisation of RM50.074 billion.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)