Lotte Chemical Titan Holding Sdn Bhd engages in the ownership and operation of

polypropylene Polypropylene (PP), also known as polypropene, is a thermoplastic polymer used in a wide variety of applications. It is produced via chain-growth polymerization from the monomer Propene, propylene. Polypropylene belongs to the group of polyolefin ...

plants,

polyethylene Polyethylene or polythene (abbreviated PE; IUPAC name polyethene or poly(methylene)) is the most commonly produced plastic. It is a polymer, primarily used for packaging (plastic bags, plastic films, geomembranes and containers including bott ...

plants,

ethylene Ethylene (IUPAC name: ethene) is a hydrocarbon which has the formula or . It is a colourless, flammable gas with a faint "sweet and musky" odour when pure. It is the simplest alkene (a hydrocarbon with carbon–carbon bond, carbon–carbon doub ...

crackers, and

aromatic In organic chemistry, aromaticity is a chemical property describing the way in which a conjugated system, conjugated ring of unsaturated bonds, lone pairs, or empty orbitals exhibits a stabilization stronger than would be expected from conjugati ...

plants. It offers high-density polyethylene (HDPE),

Low-density polyethylene Low-density polyethylene (LDPE) is a thermoplastic made from the monomer ethylene. It was the first grade of polyethylene, produced in 1933 by John C. Swallow and M.W Perrin who were working for Imperial Chemical Industries (ICI) using a high pr ...

(LDPE), and

Linear low-density polyethylene Linear low-density polyethylene (LLDPE) is a substantially linear polymer (polyethylene), with significant numbers of short branches, commonly made by copolymerization of ethylene with longer-chain olefins. Linear low-density polyethylene differs ...

(LLDPE) for various kinds of applications, room

household goods Household goods are goods and products used within households. They are the tangible and movable personal property placed in the rooms of a house, such as a bed or refrigerator. Economic role Businesses that produce household goods are categori ...

to automotives products. The company also manufactures low-density polyethylene for

injection molding Injection moulding (U.S. spelling: injection molding) is a manufacturing process for producing parts by injecting molten material into a mould, or mold. Injection moulding can be performed with a host of materials mainly including metals (for ...

for cosmetic containers, bottle closures, and food containers, and is based in

Pasir Gudang Pasir Gudang is a city located in eastern Johor Bahru District, Johor, which is the second largest district in Malaysia by population. The main industries are transportation and logistics, shipbuilding, petrochemicals and other heavy industries ...

Malaysia Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and thre ...

History

Titan Chemicals began as a joint-venture in which Datuk Chao Ting Tsung, through The Chao Group International and

Permodalan Nasional Berhad Permodalan Nasional Berhad (PNB) is a state-owned enterprise, state-owned Malaysian investment management company. One of the largest fund management companies in Malaysia, it was established on 17 March 1978 as one of the instruments of the gov ...

(PNB), through its wholly owned subsidiary, PNB Equity Resources Corporation (PERC), have major interest. Titan Chemicals commenced construction of its first facility in

, a RM300 million

plants, in 1989. At present, Titan Chemicals own 10 integrated process facilities in

and

Tanjung Langsat Tanjung Langsat is a main industrial area and port in Pasir Gudang, Johor Bahru District, Johor, Malaysia Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, f ...

in the southern state of

Johor Johor, also spelled Johore,'' is a States and federal territories of Malaysia, state of Malaysia in the south of the Malay Peninsula. It borders with Pahang, Malacca and Negeri Sembilan to the north. Johor has maritime borders with Singapore ...

which has a total nameplate production capacity of over 2.4 million tonnes annually of olefins, polyolefins and other associated products. The company was formerly known as Titan PP Polymers (M) Sdn Bhd and changed its name to Titan Petchem (M) Sdn. Bhd. in December 2004. Titan Chemicals Corp. Sdn. Bhd. was listed on the Main Board of

Bursa Malaysia Bursa Malaysia (English: Malaysian Bourses or Malaysia Exchange) is the stock exchange in Malaysia. It is one of the largest bourses in ASEAN. It is based in Kuala Lumpur and was previously known as the Kuala Lumpur Stock Exchange (KLSE). It p ...

as TITAN 5103 in 2005. Its stock is included in the KL Composite Index. In March 2006, Titan Chemicals acquired PT. TITAN Petrokimia Nusantara,

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania, between the Indian Ocean, Indian and Pacific Ocean, Pacific oceans. Comprising over List of islands of Indonesia, 17,000 islands, including Sumatra, ...

’s first and largest Polyethylene plant in the country. Situated in Merak,

, PT. TITAN adds 3 Polyethylene plants to Titan Chemicals' portfolio. In November 2010, Titan Chemicals was acquired by Honam Petrochemical Corp.

Production facilities

Acquired by Honam Petrochemical Corp

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korea, Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and t ...

’s Honam Petrochemical Corp has received full acceptance to take Titan Chemicals Corp private, by acquiring the remaining 27.25% shares it does not own at RM2.35 apiece. Titan shares, for which acceptance had been received by Honam after the posting date and up to 5 pm closing date on 24 December 2010, were listed as 27.25%, representing 470.89 million shares, according to Titan in a filing. On 1 November 2010, Titan received a notice of unconditional takeover offer from Honam to acquire all remaining shares (excluding treasury shares) following Honam's sale and purchase agreement in July to buy a 72.32% stake, or 1.25 billion shares, in Titan Chemicals for RM2.94 billion.

References

External links

* {{official website, http://www.lottechem.my/
Company Overview of Lotte Chemical Titan Holding Sdn. Bhd.
bloomberg.com 1989 establishments in Malaysia Chemical companies of Malaysia Privately held companies of Malaysia Chemical companies established in 1989 Malaysian subsidiaries of foreign companies Malaysian companies established in 1989