PETRONAS Chemicals Group Berhad (PCG) is bolstering its specialty chemicals portfolio with the formation of a dedicated Specialty Chemicals division as part of its efforts to further strengthen its position within the petrochemicals industry. To lead and drive the new division, PCG has appointed Dr. Debbie Chiu Yuen-Yuen as Chief Operating Officer (Specialty Chemicals) along with a strong management team in place to manage and steer critical strategic priorities, towards supporting PCG’s long-term aspirations within specialty chemicals.
“The global specialty chemicals market growth trajectory is expected to continue, and we are proud to strengthen our presence with the establishment of our new division, marking another major milestone in our specialty chemicals growth journey that is in line with our second-prong strategy. All of us at PCG welcome Dr. Debbie to helm the new division as we are confident in her extensive technical chemistry and application knowledge, as well as having the right vision to materialise our specialty chemicals growth aspirations,” said Ir. Mohd Yusri Mohamed Yusof, PCG Managing Director/Chief Executive Officer.
Dr. Debbie brings with her close to 30 years of experience within the chemicals industry with extensive knowledge in coatings, specialty polymer, energy storage, devise materials and fibre solutions. She also brings leadership experience in mergers & acquisitions, business transformation, market expansion, among others.
“PCG has clear and ambitious aspirations for its business and specialty chemicals will play a large role in realising them. I am honoured to be leading this new team and I look forward to delivering positive impact through maximising our current offerings and capitalising on growth opportunities for the company,” said Dr. Debbie.
As part of its Two-Pronged Strategy, PCG has identified the diversification into Specialty Chemicals as a key anchor for the company’s growth and to cushion the business against the cyclical nature and volatility of the broader oil and gas industry.
The company has made significant strides in this segment’s growth journey, most notably with the landmark acquisition of Perstorp Group, a Sweden-based global leader in sustainable specialty chemicals, that will see to the expansion of its presence through stronger positioning in Asia Pacific markets. PCG’s specialty chemicals portfolio brings a wide range of products that includes Silicones, Lube Oil Additives and Chemicals, Resin and Coatings, Engineered Fluids, Animal Nutrition, and Advanced Coatings to the market.
PCG looks forward to growing its specialty chemicals presence and capturing new revenue streams with the establishment of the new division of about 2,000 employees.
