In 2023, GC operated three commercial plants located in WHA Eastern Industrial Estate, Rayong. The nameplate capacities are as detailed in the following table: Company Product Nameplate Capacity (thousand tons per year) GC Phenol 492 Acetone 304 Bisphenol A 158 Company Product Nameplate Capacity (thousand tons per year) GC-M PTA Purified Terephthalic Acid (PTA) 1,440 Policy and Marketing For phenols, GC’s policy is to sell products to both domestic and overseas customers, focusing on boosting the sale of phenol, acetone, and bisphenol A in the domestic market and maintaining the domestic market share leveraging its strengths and business advantages, such as its high-quality products, trade partners with marketing networks across every region, stable sources of feedstock, and consistent customer relations activities. In 2023, the domest ic market accounted for approximately 45% of the total sales volume, equivalent to a domestic market share of around 70%. The remaining volume was exported to China, India, South Korea, Taiwan, and other countries in Southeast Asia. Other Intermediates Purified Teraphthalic Acid (PTA) PTA is an intermediate petroleum product used as the primary feedstock for the manufacturing of polyester fibers for textiles and clothing as well as PET (polyethylene terephalate) resin for the forming of packaging such as water bottles, gallon bottles, and clear plastic boxes for food storage. In addition, PTA is employed as an auxiliary material in the production of powder colors for coating in the automotive and electronic appliance industries as well as in oil colors for use in the construction industry. PTA is produced by GC-M PTA Co., Ltd. (GC-M PTA), located in WHA Eastern Industrial Estate in Rayong, with the nameplate capacity as shown in the table. Policy and Marketing GC-M PTA Co., Ltd. has been manufacturing and distributing PTA for over 23 years and has benefitted from technology transfer from its joint venture partner Mitsui Chemicals, Inc. in Japan. It has continued to enhance the quality of tis products to meet the needs of domestic and international customers at a competitive cost. With respect to marketing and sales, the products are sold both directly to customers and through agents who have been its business partners since its establishment. The current sales volume is split into 50% domestic and 50% international. For exports, emphasis is placed on markets where it enjoys geographical advantages, including Southeast Asian countries such as Vietnam, as well as Japan and India and other countries in the Middle East and Africa with demand. Prices are negotiated based on market prices, which are subject to change in accordance with production volumes and regional demand at each specific period of time. 50
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