PTT chief on value quest

Business > Economics

'Commodity' products no longer the priority

Published: 26/09/2011 at 02:32 AM
Newspaper section: Business

Pailin Chuchottaworn, the new president and chief executive of PTT Plc, has vowed to steer the national oil flagship further toward advanced technology, high-value and green products.

"We will no longer stress commodity-grade production. Technology will be put into every product we sell.This will make higher selling prices and greater profit possible," said Mr Pailin, who succeeded Prasert Bunsumpun at the helm of Thailand's biggest company.

The former chief executive of the PTT petrochemical affiliate IRPC said the group would stress research and development for all existing and new products, and all production processes.

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About the author

: Writer: Yuthana Praiwan; Position: Business Reporter

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phetpeter
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Discussion 2 : 26/09/2011 at 10:08 AM2
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This will make higher selling prices and greater profit possible, If that's the case then why is the company selling Diesel and NOT B5, you help promote greener fuels instead of taking the easier route. Let PTT show the way and bring back B5 or even B15...Remember it's cheaper and much more environmentally friendly. And it's on behalf of "All Thai's"
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Victor
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Discussion 1 : 26/09/2011 at 09:21 AM1
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The logo of PTT is color-wronged. The red at the center should be blue because it's the hotest.
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PTT chief on value quest | Bangkok Post: business