PTT expects lube sales to get boost from exports

Exports to China and Myanmar are expected to lift PTT’s sales of lubricant products by 50% this year, says Rachadech Khemthong, PTT vice president, the Bangkok Post reports. For 2010, the Thai company aims for export sales to grow by 40% to 10 million liters, from 7.1 million liters last year. Rachadech said the company hopes to boost sales to China to 6 million liters this year, from only 646,000 liters last year. Once lubricant sale volume rises in China to more than 1.5 million liters, PTT will join a local partner, Guangdong-based Topship Chemical, in building a lube blending plant in China. The investment cost is about 100 million baht (US$3.02 million), excluding land acquisition, and the factory will have an annual output of 30 million liters. (February 19, 2010)