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The Company expanded into textiles in 1975. Since its initial public offering in 1977, the Company has expanded rapidly and integrated backwards into other industry sectors, most notably the production of petrochemicals and the refining of crude oil.

The Company from time to time seeks to further diversify into other industries. The Company now has operations that span from the exploration and production of oil and gas to the manufacture of petroleum products, polyester products, polyester intermediates, plastics, polymer intermediates, chemicals and synthetic textiles and fabrics.

The Company's major products and brands, from oil and gas to textiles are tightly integrated and benefit from synergies across the Company. Central to the Company's operations is its vertical backward integration strategy; raw materials such as PTA, MEG, ethylene, propylene and normal paraffin that were previously imported at a higher cost and subject to import duties are now sourced from within the Company. This has had a positive effect on the Company's operating margins and interest costs and decreased the Company's exposure to the cyclicality of markets and raw material prices. The Company believes that this strategy is also important in maintaining a domestic market leadership position in its major product lines and in providing a competitive advantage.

The Company's operations can be classified into four segments namely:

  • Petroleum Refining and Marketing business
  • Petrochemicals business
  • Oil and Gas Exploration & Production business
  • Others

The Company has the largest refining capacity at any single location.

The Company is:

  • Largest producer of Polyester Fibre and Yarn
  • 5th largest producer of Paraxylene (PX)
  • 5th largest producer of Polypropylene (PP)
  • 8th largest producer of Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG)