Lotte Chemical says Indonesia IPF project not suspended

Lotte Chemical Titan said Q2, FY18 net profit was boosted by higher sales volume, lower production costs and foreign exchange gain.

PETALING JAYA: Lotte Chemical Titan Holding Bhd has clarified that its integrated petrochemical facility (IPF) project in Indonesia has not been suspended, as reported by two Korean news portals.

The group, in an announcement to the stock exchange, said the information in the reports dated Sept 10 and 11, 2018, relating to the company and the project were “incorrect and misleading.”