TITLE

Titan Chemicals acquires PT Petrokimia

AUTHOR(S)
Singh, Gurdip
PUB. DATE
March 2006
SOURCE
Plastics News;3/27/2006, Vol. 18 Issue 4, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Malaysia's Titan Chemicals has completed the acquisition of PT Petrokimia Nusantara Interindo, Indonesia's largest polyethylene producer, with annual output of 992 million pounds a year of linear low density polyethylene/ high density PE in Kaputen Serang. This $78 million deal provides Titan Chemicals with additional PE manufacturing capability, positioning it as the largest polyolefins producer in Southeast Asia, and also gives it a pre-eminent position in the Indonesian PE market, said Titan Chemicals, Malaysia's first and largest integrated producer of olefins and polyolefins.
ACCESSION #
20384015

 

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