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08. May 2006

MALAYSIA: Titan Chemicals To Build Two New Plants

Source: Bernama News Agency, Kuala Lumpur; 6 May 2006

PASIR GUDANG, May 5 (Bernama) --
Titan Chemicals Corporation Bhd will be building two
new plants, costing a total of RM380 million, at its
existing facility in Pasir Gudang.

Titan's executive chairman, James Chao, said 5 May
that the two new plants, a butadiene extraction plant
and a propylene plant would be the first of their kind
in Malaysia.

Following their completion by late 2007, both plants
are expected to generate an additional RM1 billion in
revenue annually for Titan Chemicals which is a joint
venture between PNB Equity Resource Corporation Sdn
Bhd and the Chao Group International.

Speaking to reporters after a groundbreaking ceremony
here, Chao said the production of the two chemical
products, extracted from crude oil, augured well for
Malaysia.

There will be less dependence on the import of
butadiene and propylene, he said, adding that both the
products were currently imported from Singapore and
Thailand.

"We hope to be able to meet the surging demand for
butadiene, and provide local manufacturers with
stability and the assurance of supply to grow their
business and replace the need for import," Chao said.


(Syed Rashid Ali, Karachi, Pakistan)

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