In 1972, IDEMITSU established
Petrochemical (M) Sdn Bhd, a pioneer plastic resin producer in Malaysia. We
have started producing Polystyrene, which is an important material to support
In the early 90’s, we have
further expanded our platform by working together with PETRONAS. In 1997,
Styrene Monomer Joint venture, Idemitsu SM (M) Sdn Bhd (IDEMITSU 70%, PETRONAS
CHEMICALS GROUP 30%, located in Johor) was commissioned. And Ethylene JV, Petronas
Chemical Ethylene Sdn. Bhd. (IDEMITSU12.5%, PCG 87.5%, located in Terengganu)
was commissioned in 1995. These projects have completed the Styrene Value Chain
in Malaysia, and demonstrate the strong potential in its business model as Gas
to Polymer.Given the favorable environment, “Look East policy” and support from
MIDA and significant presence of PETRONAS, IDEMITSU has accumulated over 4
decades of history in Malaysia.developments in electric appliance industry in Asian countries.
impressed by the professionalism of MIDA and the commitment in understanding
foreign investors’ need and the initiative taken to co-ordinate meetings with
other related Government Agencies.
Way forward, IDEMITSU is
exploring possibility to further expand its footprint with our friends and
partners in Malaysia.