PTT Chemical and SMC to Join Together for Developing Thailand's Plastic Industry Through a Strategic Network

BANGKOK, November 13 - Mr. Veerasak Kositpaisal, President & CEO of PTT Chemical Plc., and Mr.
Anuchit Boonthong, Chairman of SMC Corporation Limited, signed the Memorandum
of Understanding to initiate a mutual co-operation on the development and
support of Thailand's blow molding industry. The two companies intend to
increase the strength and potential of Thai plastic manufacturers in terms of
capability to better respond to current market needs and to successfully
compete in the global market.

The signing of MOU reaffirms PTT Chemical strong commitment to work
together with entrepreneurs and customers to strengthen the capacity of
Thailand's plastic industry. It also marks the company's determination to
build a solid strategic business network and partnership among entrepreneurs
linked to Value Chain of the plastic industry, which ranges from material
manufacturers and machinery producers to end-users. For SMC, the country's
leading blow molding machinery manufacturer and vendor serving customers in
over 40 countries worldwide, it will also strive to invent new technology and
innovative production which allow it to react and adapt to an ever-changing
market. The improvement of products and services would be mainly driven by
market demands.

PTT Chemical and SMC have realized the value of partnership among related
businesses where synergy and collaboration is required to reinforce the
business efficiency. The development of technology, product and service, and
distribution channel that aligns with the emerging consumer demands would
also bring the highest benefit to the consumers and the country's plastic
industry.

Taking a role of solution provider for the customers ranging from
manufacturers to end-users, PTT Chemical, is now ready to team up with
entrepreneurs, customers, and those who are interested, to lift up Thailand's
plastic industry. PTT Chemical Plc is Thailand's leading petrochemical and
plastic resins manufacturer with the Olefins production capacity of 1.8
million tons per year and the HDPE production capacity of 800,000 tons per
year. In the fourth quarter of 2009 to early 2010, the company will start a
commercial operation of its LLDPE and LDPE plants which will give a
production capacity of 400,000 tons per year and 300,000 tons per year,
respectively. With the new products soon to be launched to the market the
company aims to offer more solutions as well as complete services to the
market.

    For more information, please contact Public Relations Division :

    Ms. Nichapa Charuskraisorn
    Tel. +66-22658633
    E-mail : nichapa.c@pttchemgroup.com

    Ms. Sahasaya Panichapong
    Tel. +66-22658436
    E-mail : sahasaya.p@pttchemgroup.com
    www.pttchemgroup.com

Ms. Nichapa Charuskraisorn, +66-22658633, nichapa.c at pttchemgroup.com, or Ms. Sahasaya Panichapong, +66-22658436, sahasaya.p at pttchemgroup.com, both of PTT Chemical