PCG Focuses on Advancing Growth Initiatives and Strengthening Operational Performance

KUALA LUMPUR, April 24 (Bernama) — PETRONAS Chemicals Group Berhad (PCG) today held its 26th Annual General Meeting (AGM) to present the Company’s performance to its shareholders for its Financial Year Ended 31 December 2023. The AGM was chaired by PCG Chairman, Datuk Ir. (Dr.) Abdul Rahim Hashim, with the Board members, PCG Managing Director/Chief Executive Officer, Mazuin Ismail and also Chief Financial Officer, Mohd Azli Ishak in attendance. During the AGM, Mazuin shared the Company’s performance, growth plans, sustainability agenda, and outlook for 2024.

Delivering value to stakeholders 
In 2023, the global economic growth had slowed, influenced by geopolitical tensions and China’s sluggish post-pandemic recovery. High energy costs and product oversupply worsened the industry’s downturn, with soft demand across the chemicals sector. Additionally, the Company’s commodities business faced internal and external challenges which affected plant utilisation, resulting in lower production. 



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