Petrolimex Petrochemical JSC
HHNX:PLC21,400.00
VND
-300.00
(-1.38%)
Petrolimex Petrochemical JSC
HNX:PLC
(Hanoi Stock Exchange)
Recent
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21,400.00
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ROIC.AI
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- Business
- Petrolimex Petrochemical Corporation - JSC (HNX: PLC) is a Vietnam-based company engaged in the manufacturing, processing, importing, exporting, and distribution of petrochemical products and specialized technical services. Founded in 1994 and headquartered in Hanoi, Vietnam, the company operates as a subsidiary of the Vietnam National Petroleum Group (Petrolimex) and manages operations through specialized subsidiaries, including Petrolimex Asphalt Company Limited and Petrolimex Chemicals Company Limited. The company organizes its business into three primary segments: Lubricants, Bitumen (Asphalt), and Chemicals. The company's core product and service portfolio includes automotive and motorcycle engine oils marketed under the Racer and PLC Cater brands; heavy-duty commercial vehicle lubricants and marine engine oils; industrial lubricants comprising hydraulic oils, industrial gear oils, turbine oils, refrigeration compressor oils, and transformer oils; road-paving asphalt products, including conventional 60/70 bitumen, polymer modified bitumen (PMB), cutback asphalt, and cationic asphalt emulsions engineered for highway, expressway, and airport runway paving; and industrial chemicals encompassing hydrocarbon solvents, oxygenated solvents, toluene, xylene, methanol, base oils, synthetic and natural rubber, and specialty chemical additives. In addition to manufacturing and distribution, the company provides contract toll blending; laboratory quality testing and analysis certified under ISO/IEC 17025 standards; technical lubrication consulting; bulk liquid terminal and warehouse leasing; and maritime transport and logistics services. The company caters to civil infrastructure contractors, industrial manufacturers, transport fleet operators, maritime vessels, and retail consumers throughout Vietnam, with international export operations extending to Laos, Cambodia, China, Hong Kong, Taiwan, and the Philippines, supported by manufacturing plants in Nha Be and Thuong Ly. In recent operational and corporate developments, the company is undergoing an ownership restructuring under the Petrolimex group reorganization strategy aimed at reducing parent holding from approximately 79% to between 51% and 69% to optimize capital structure and operational efficiency; rolling out advanced, eco-efficient synthetic lubricants and specialized polymer-modified asphalt formulations for key national transport infrastructure projects; and accelerating enterprise-wide digital transformation across logistics, inventory tracking, and distribution management.