PT Lotte Chemical Titan Nusantara

Overview

In 1990, four companies – BP Chemicals Investments Limited (BP), Mitsui $ Co Ltd, Sumitomo Corporation and PT. Arseto Petrokimia formed PT. Petrokimia Nusantara Interindo (PT.PENI) to manufacture polyethylene at a 36-hectare site in Merak, Cilegon in Banten Province. PT. PENI with a production capacity of 450 KTA (kilo tones per annum) became Indonesia’s First and Largest polyethylene producer.

Polyethylene (PE) is one of the world’s most widely used polymers and PE products are easily found in our dauly lives; raging from simple basic shopping bags to food containers and a host of other sophisticated products. As a safe and non-toxic product, polyethylene is ideal for aily usage where hygiene and safety are priorites especially in hospitals, laboratories and other contaminant-sensitive areas. In these environments polyethelene is used in items like syringes, tubes, catheres and fluid bags. In Marc 2006, PT.PENI was acquired by Malaysia-based Titan Chemicals Corp. Bhd. Titan Chemicals is Malaysia’s first and largest polyolefins producer. For more informations please refer to TITAN GROUP.

In 2008, Titan Chemical Corp. Sdn. Bhd. acquired PT. Fatrapolindo Nusa Industri, Tbk (FPNI) and put PT. PENI as subsidiary of FPNI. FPNI was changed the name to PT. Titan Kimia Nusantara, Tbk and PT. PENI become PT. TITAN Petrokimia Nusantara. In July 2010, Malaysia Titan Chemical Corp was acquired by Lotte Chemical, the core company of the Lotte Group’s Chemical Division. For more information please refer to LOTTE CHEMICAL.

In 2013, PT. Titan Kimia Nusantara, Tbk changes the name to PT. Lotte Chemical Titan , Tbk and PT. TITAN Petrokimia Nusantara changes the name to PT. Lotte Chemical Titan Nusantara.

Value

By capitalizing on Titan Chemical’s experience, R & D support and wide-reaching network, PT. Lotte Chemical Titan Nusantara will now be able to develop further and maximize its potential as a leading player in Indonesia. As a responsible company, we are guided by a set of core values in our pursuit of success and these values are:

SAFETY

This is, and will always remain, our number are priority. Life is precious and irreplaceable. No job can be important or urgent enough to justify compromising on safety.

QUALITY

We are commited to continous quality improvement in everything we do. We strive to be the best and recognize that quality improvement is an ever advancing target.

PEOPLE

We are above all an organization of people, not chemical processes and production output. We exist because of creativity, dedication and drive of our staff and recognize that people are the true essence of our success.

GOOD CORPORATE CITIZENSHIP

We take pride in being good citizens of the communities in which we work and live in as well as of the world. Our goal of good corporate citizenship guides our charitable contributions and our community service activities and we embrace a compassion for environmental needs and concern.

COMPETITIVENESS

Our business and operating philosophies encompasses a concept of excellence, providing superior value to our customers, supporting our markets with strong technical advice, pursuing long-tem strategies while remaining vigilant of short term opportunities. Most important of all, we nurture an organization that attracts and retains motivated and talented team players.

Technology and dynamics will differ over time but, as in life, there enduring truths in business. Our core values exemplify these ensuring truths.

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