PTT targets Chinese market

PTT, Thailand’s top energy firm, has chosen to partner with Dongguan Tongzhou Chemical Co. Ltd. to sell lubricating oil into the Chinese market. PTT’s Chinese strategy will target Guangdong province as its stronghold to export two million liters of lubricating oils initially, eventually increasing to five million liters in the future. The company would develop the Chinese market step by step, said Prajya Phinyawat, PTT’s chief operating officer. He said once the company’s annual sales reach 10,000 metric tons, it would consider building a factory with its Chinese partner. (January 14, 2010)