Lotte Chemical Titan’s NC1 shutdown a positive move

CGSI Research said the move was a necessary step in light of the company’s prolonged financial struggles.

PETALING JAYA: The shutdown of Lotte Chemical Titan Holding Bhd’s (LCT) Naphtha Cracker 1 (NC1) in Pasir Gudang, Johor, last month is viewed as “a positive development” by CGS International (CGSI) Research.

In its report yesterday, the research house highlighted that the move was a necessary step in light of the company’s prolonged financial struggles.