Lotte Chemical Titan said Q2, FY18 net profit was boosted by higher sales volume, lower production costs and foreign exchange gain.
KUALA LUMPUR: Lotte Chemical Titan Holdings Bhd has commenced commercial operations of its new polypropylene production plant, it said in a stock exchange filing today.
The plant has an annual capacity of 200 kilotonnes and will cater for both the domestic and export markets.
Construction of the plant began in March 2018 with mechanical cimpletion achieved in June 2018.
"Polypropylene is a thermoplastic polymer used by our customers to fabricate a wide variety of products including automotive parts, medical equipment and woven bags," said Lotte.
At 12.30pm, Lotte was up one sen or 0.2% to RM5.16 with turnover of 141,400 shares.
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