Petrochemical Industry Likely To See Moderate Growth Next Year

The petrochemical industry will likely see moderate growth next year with prices of products firming up.

President and CEO of Petronas Chemicals, Dr Abd Hapiz Abdullah said the outlook next year will also depend on how fast the economies of China, India and within the Asia Pacific region pick up.

The Asian region is where most of its products are exported to currently.

He said the European debt crisis this year has had a crippling impact on the Asian economies.

Nevertheless, opportunities are also there in new markets such as Myanmmar and Cambodia, he said during a media briefing here Tuesday.

-- BERNAMA