PT. LOTTE CHEMICAL TITAN TBK

the company introduction for PT. LOTTE CHEMICAL TITAN TBK in English:

Company Profile: PT. LOTTE CHEMICAL TITAN TBK

PT. Lotte Chemical Titan Tbk (LCT Tbk), formerly known as PT Titan Petrokimia Nusantara, is a prominent Indonesian petrochemical company. It is a subsidiary of Lotte Chemical Corporation, one of South Korea's leading chemical companies, which in turn is part of the larger Lotte Group.

Core Business and Operations:

The company is primarily engaged in the manufacturing and sale of petrochemical products. Its main products include:

Polyethylene (PE): Used extensively in packaging (plastic bags, films, bottles), automotive components, and consumer goods.

Polypropylene (PP): Used for packaging, containers, fibers, automotive parts, and household appliances.

It also has capabilities in producing other related petrochemicals.

PT. Lotte Chemical Titan Tbk operates manufacturing facilities in Indonesia, notably in areas like Cilegon, Banten, a major industrial hub. These plants are equipped for the production of the aforementioned polymers.

Market Position:

LCT Tbk is a significant player in the Indonesian petrochemical market, supplying essential raw materials to various downstream industries. It contributes to both the domestic demand and potentially exports its products. The "Tbk" in its name indicates that it is a publicly listed company on the Indonesia Stock Exchange (IDX).

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Type of Company: Manufacturer (Factory)

PT. LOTTE CHEMICAL TITAN TBK is primarily a manufacturer. It operates production plants (factories) to produce petrochemicals. While they might engage in trading activities related to their products or raw materials, their core identity and primary operations are centered around manufacturing.

here are the main products manufactured and sold by PT. LOTTE CHEMICAL TITAN TBK in Indonesia:

PT. LOTTE CHEMICAL TITAN TBK primarily produces and sells various grades of Polyethylene (PE) and Polypropylene (PP). Their main products include:

1. Polyethylene (PE):

High-Density Polyethylene (HDPE): Used for products like bottles, containers, pipes, films, and bags.

Low-Density Polyethylene (LDPE): Used for films, coatings, and flexible packaging. (Note: Production of LDPE was phased out by some Lotte Chemical Titan entities, but they might still trade it or have capabilities. It's a traditional product.)

Linear Low-Density Polyethylene (LLDPE): Used for stretch films, heavy-duty bags, and various packaging applications.

2. Polypropylene (PP):

Homopolymer PP: Used for rigid packaging, fibers, tapes, and automotive parts.

Copolymer PP (Random and Impact/Block): Used for containers, housewares, automotive components, and appliances, offering improved impact strength or clarity depending on the type.

These polymers are fundamental raw materials for a wide range of plastic products used in packaging, consumer goods, automotive, construction, and other industries.

It's also worth noting that Lotte Chemical is developing the Lotte Chemical Indonesia New Ethylene (LINE) Project, which aims to produce Ethylene, Propylene, and other derivatives, significantly expanding their product portfolio in Indonesia once operational. However, the currently established products from PT. Lotte Chemical Titan Tbk are mainly the PE and PP grades listed above.