PTTGC Eyes Growth Boost from allnex Acquisition, Targets 30% EBITDA Increase by 2030

Thai petrochemical giant PTTGC has identified its acquisition of allnex as a key growth engine, setting an ambitious target to increase its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) from the current 15% to 30% by the year 2030. To achieve this goal, PTTGC plans to focus on integrating allnex's operations and maximizing synergistic effects. allnex is a global leader in the manufacturing of high-performance resins and additives for the coatings industry, and PTTGC's acquisition represents a significant step in diversifying its business portfolio into higher value-added chemical products. PTTGC aims to secure new revenue streams and strengthen its market competitiveness by leveraging allnex's technological capabilities and global sales network. The increased EBITDA target suggests PTTGC's confidence in the post-acquisition integration and its high expectations for the growth potential brought by allnex. Source: MGR Online (Business)