The Aromatics Plc (ATC) revealed that although the growth rate is not expected to soar high, the company is considers it a positive result in these unfavorable conditions.
Atikom Terbsiri, Senior Vice-President, explained that drop in oil prices had adversely affected the company's products costs, especially condensate.
ATC's major products include paraxylene used in producing purified terephthalic acid (PTA), one of the key raw materials of the textile industry, and benzene, a raw material in the manufacturing of engineering plastics for the automobile, electrical and electronic industries.
Atikom said therefore, the company's average margin between condensate cost and final product prices was estimated at around US $150 per tons this year, on par with last year's level.
"The increase of production output and higher margin following the oil-price decline in the second half of this year will enable us to maintain total revenue at the same level as 2005.”
He said therefore, the company's average margin between condensate cost and final product prices was estimated at around $150 per tons this year, on par with last year's level.
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