Strategic Management on Pchem

Topics: Malaysia, Southeast Asia, Board of directors Pages: 29 (8430 words) Published: June 7, 2013
PETRONAS Chemicals Group Berhad (PCHEM)

PETRONAS Chemicals Group Berhad (PCHEM-5183)
1. COMPANY PROFILE
Petronas Chemicals Group Bhd. is a chemical company who engages in the manufacture, marketing, and sale of chemical products in Malaysia and internationally. The Company offers a diversified range of petrochemical products such as a range of olefin and derivative products, including ethylene, propylene, polyethylene, polypropylene, mono-ethylene glycol, di-ethylene glycols, paraxylene, benzene, methyl tertiary butyl ether, ethylene oxide, n-butane, and performance and butanol chemicals, as well as various ethylene oxide derivatives

The company also offers various fertilizers and methanol products comprising urea, ammonia, methanol, carbon monoxide, oxo gas, acetic acid, nitrogen, phosphate, and compound fertilizers, as well as polymers. In addition, it provides various petrochemical products, such as acrylics, oxo-alcohols, butanediol, and styrene monomers. The company is based in Kuala Lumpur, Malaysia. Petronas Chemicals Group Berhad is a subsidiary of Petroliam Nasional Berhad. Petronas Chemicals Group Bhd, PCHEM is in the chemical business began in 1985 with the production of ammonia and urea. Since then, PCHEM’s operations have grown significantly both organically and through joint ventures with other key players in the petrochemicals industry. PCHEM began their first ethylene production in 1995, and the OPTIMAL Companies commenced operations in 2002 as joint ventures with Dow Chemical. They acquired Dow Chemical's interests in the OPTIMAL Companies in 2009 bringing all 3 of these entities under their control. PCHEM have continued to grow their business and expand their operations through the construction of new plants as well as capacity increases in existing plants. In recent years, production capacities at the Gurun and Bintulu production facilities have been expanded, and in 2009, their Mega Methanol plant in Labuan commenced operations, bolstering their position as a leading methanol producer both regionally and globally. On 2 September 2010, they acquired BP Chemicals interests in Polyethylene Malaysia and Ethylene Malaysia, making Polyethylene Malaysia their wholly-owned subsidiary and increasing their stake in Ethylene Malaysia.

Today, their operations comprise a diverse portfolio of chemical products that are sold both domestically and internationally.

VISION
To be a Leading Oil and Gas Multinational of Choice

MISSION
* We are a business entity
* Petroleum is our core business
* Our primary responsibility is to develop and add value to this national resource * Our objective is to contribute to the well-being of the people and the nation

SHARED VALUES
Our values are embedded in our culture as the backbone of our business conduct, reflecting our sense of duty and responsibility in upholding our commitment towards contributing to the well-being of peoples and nations wherever we operate.

LOYALTY
Loyal to nation and corporation.

INTERGRITY
Honest and upright.

PROFESSIONALISM
Committed, innovative and proactive and always striving for excellence.

COHESIVENESS
United in purpose and fellowship.

BOARD OF DIRECTORS

DATUK WAN ZULKIFLEE BIN WAN ARIFFIN
* Malaysian, age 51,
* Chairman of the Board on 22 June 2010,
* Non-Independent and non-executive director,
He holds a Bachelor of Engineering Degree in Chemical Engineering from the University of Adelaide, South Australia. In 2000, he attended the INSEAD Senior Management Development Program and in 2004, he attended the Advanced Management Program at Harvard Business School, Harvard University. He was conferred the Honorary Fellowship by the Institution of Chemical Engineers, UK in November 2005.

He joined PETRONAS in 1983 as a Process Engineer involved in the development of several Gas Processing Plants. In the ensuing years, he has held various positions within the PETRONAS Group...
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