JAC's restart impeded by messy stakeholder structure
If shareholders fail to agree on the way forward, S'pore's largest aromatics facility by capacity may be in for a financial nightmare: observers
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
AS of now, operations at the Jurong Aromatics Corporation (JAC) have been stalled longer than they have ever been running.
It has been almost a half year since JAC closed its petrochemical complex on Jurong Island for maintenance, having fallen victim to poor market conditions less than five months after its August 2014 launch.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025