Lotte Chemical remains cautious going forward

“Despite the challenges, LCT is determined to advance its operational performance and further solidify LCT’s market position," CEO Park Hyun Chul said.

PETALING JAYA: Lotte Chemical Titan Holding Bhd (LCT), which has faced losses in the last eight quarters, remains optimistic about a plant turnaround going forward, given its focus on efficiency improvements, enhancing plant performance and improving plant safety.

Its president and chief executive officer Park Hyun Chul said LCT will remain cautious in managing the business due to uncertainties arising from oil price volatility, petrochemical glut and a slowdown in economic activity due to inflationary pressures and escalating geopolitical tensions.