KUALA LUMPUR, May 4 – PETRONAS Chemicals Group Berhad (PCG) convened its 26th Annual General Meeting (AGM) today to present its Financial Year Ended 31 December 2023 performance and outline strategic plans for the future. Led by PCG Chairman, Datuk Ir. (Dr.) Abdul Rahim Hashim, the AGM highlighted the company’s steadfast commitment to advancing growth initiatives and fortifying operational performance, despite challenges posed by the global economic climate. Mazuin Ismail, PCG Managing Director/Chief Executive Officer, presented the company’s performance, emphasizing achievements amidst economic headwinds.
PCG reported a revenue of RM28.7 billion and a profit after tax of RM1.8 billion in 2023, despite soft demand across the chemicals sector. Notably, PCG achieved Ready for Start-Up (RFSU) for two new plants, positioning the company for further growth. Mazuin expressed confidence in PCG’s trajectory, stating, “2024 will see continued focus on optimizing operational efficiency, fostering sustainability, and exploring new growth opportunities, ensuring PCG’s resilience in the face of economic challenges.”
