Duisburg, April 8, 2022. Our Malaysian subsidiary PCG PCC Oxyalkylates Bhd. is making progress on project to build specialty polyols and surfactants production as planned. The current overall construction progress is around 30%. The official start of construction was on October 28, 2021, and commissioning is planned for the 3rd quarter of 2023. Our goal is to expand some of our core business areas into the growth market of Asia. The owner of the investment project and future plant operator is our group company PCG PCC Oxyalkylates Sdn. Bhd., a 50/50 joint venture with a leading chemical group in Southeast Asia, PETRONAS Chemicals Group Berhad (PCG).

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The current photo of the construction site shows the construction of the two production lines for polyols (left) and ethoxylates (non-ionic surfactants), consisting of reinforced concrete pillars as well as steel struts.