Amid global economic volatility and the volatility of the petrochemical industry, many companies worldwide are facing significant challenges. For GC, this is a pivotal moment—not only to adapt, but to accelerate internal strengthening and lay a solid foundation that enables the business to stand firm and be ready for long-term growth.

Strengthening Financial Structure Through Disciplined Management

One of GC’s key initiatives is enhancing its financial structure through deleveraging, or reducing financial burdens, to build long-term resilience. This approach helps lower interest costs, improve liquidity, and prepare the company for new investments in future-focused businesses.

When debt burdens are reduced, the path forward becomes more agile and stable, enabling the company to navigate volatility more effectively.

GC has therefore strengthened its financial position by increasing cash flow through three key approaches:

1. Collaborating with PTT to extend payment terms for raw materials, increasing liquidity and financial flexibility.
2. Issuing subordinated perpetual bonds, both domestically and internationally, to reinforce long-term capital.
3. Optimizing asset management (Asset Monetization) by converting assets into cash. This includes selling non-core assets—such as ports and product storage facilities—and shifting ownership to long-term leasing. This approach reduces investment burdens and enhances financial value and benefits.

Key transactions included the partial sale of shares in Thai Tank Terminal Co., Ltd., as well as the sale of certain assets from the Buffer Tank Farm and port facilities to companies within the PTT Group.

By shifting its role from an “asset owner” to a “strategic asset user,” GC is unlocking opportunities to create value, drive innovation, and pursue growth in both its core businesses and future-focused ventures—such as specialty chemicals and bioplastics, which hold strong growth potential and align with the global low-carbon direction.

The proceeds from these transactions have been used to reduce financial burdens, resulting in lower interest costs and greater cash flow stability. This reinforces GC’s capacity to support long-term investment and growth. Therefore, deleveraging is not merely about “reducing financial obligations,” but a sign of GC standing once again on a stronger, more resilient foundation.

Standing Strong Amid Industry Slowdowns — Moving Toward Sustainable Growth

GC sets itself apart by adapting and strengthening its financial foundation, even as the petrochemical industry continues to face challenging conditions. We believe that with a more resilient structure, we can weather economic headwinds and move toward stable, long-term growth—ready to seize new opportunities the moment the economy rebounds.

Watch the interview with:

Mr. Thitipong Julaphornsiridee

EVP, Finance & Accounting, GC

from the Money Chat Program,

aired on November 14, 2025.