PETALING JAYA: Titan Chemicals Corp Bhd announced yesterday the completion of its proposed acquisition of 100% of PT Petrokimia Nusantara Interindo (PT PENI) via its subsidiary, Titan Petchem (M) Sdn Bhd, making Titan Chemicals the largest polyolefins producer in South-East Asia.
PT PENI is the largest Indonesian polyethylene producer and owns a petrochemical complex in Cilegon, Banten Province, with three linear low-density and high-density polyethylene lines with a capacity of 450 thousand tonnes per annum (KTA).
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
