Petronas Chemicals To Prioritise Domestic Demand, Ensuring High-Quality Products

KUALA LUMPUR, April 22 (Bernama) -- Petronas Chemicals Group Bhd (PCG) remains committed to prioritising domestic demand over exports to ensure the continued availability of high-quality products in the local market.

Its managing director and chief executive officer Mazuin Ismail said customers can rely on PCG for stable supply and consistent product quality.

“Our priority for 2026 is to maintain vigilance, reinforce discipline and safeguard the strength of our operations, while continuing to build the foundations for sustainable growth.

“In an operating environment that has become more dynamic and less predictable, this approach ensures we remain resilient through near-term volatility and well-positioned to emerge stronger,” he said in a statement in conjunction with PCG’s 28th Annual General Meeting (AGM) today.

The AGM was chaired by PCG chairman Datuk Sazali Hamzah, with Mazuin and chief financial officer Mohd Azli Ishak presenting the company’s performance, growth plans and 2026 outlook to shareholders.

PCG also said the group enters 2026 with discipline and resilience, anticipating continued market uncertainty, an uneven recovery, and recent geopolitical developments that introduced volatility to feedstock and supply chain dynamics.

“The group strategy centres on reinforcing discipline across safety, operations and capital deployment, alongside selective initiatives to strengthen portfolio resilience.

“This includes continued optimisation of its core business, disciplined expansion of specialty chemicals, and targeted investments aligned with evolving customer and market needs,” said PCG.

During the financial year 2025 (FY2025), PCG said it achieved a plant utilisation rate of 88 per cent, underpinned by strong asset integrity and optimised plant management across the portfolio, against a backdrop of global oversupply, subdued demand, cost pressures and geopolitical uncertainty.

The group said it also delivered an improvement of RM574 million in earnings before interest, taxes, depreciation, and amortisation despite unfavourable pricing, driven by feedstock optimisation, improved plant reliability and turnaround efficiency.

“Commercial agility through strategic third-party sourcing and active market optimisation enhanced supply flexibility, while structural cost reductions were achieved via active contract management, logistics efficiency and waste circularity initiatives.

“Reflecting this performance, the board declared a total dividend of RM560 million for FY2025, balancing shareholder returns with financial flexibility to support future growth,” it added.

-- BERNAMA