- Business
- PT Lotte Chemical Titan Tbk produces polyethylene and engages in the wholesale trading of polyethylene and polypropylene in Indonesia. The company manufactures a range of polyethylene products including High Density Polyethylene (HDPE) for injection molding, blow molding, extrusion, and film applications; Low Density Polyethylene (LDPE) for food packaging films, heavy duty bags, and injection molded articles; and Linear Low Density Polyethylene (LLDPE) and metallocene LLDPE (mLLDPE) under the Titanvene brand, with an annual installed capacity of 450,000 metric tons at its subsidiary PT Lotte Chemical Titan Nusantara in Merak, Banten. It also trades polypropylene homopolymers, random copolymers, impact copolymers, and BOPP films, sourcing commodities from imports to serve the local market primarily in Indonesia with some overseas sales. Founded in 1987 as PT Indofatra Plastik Industri and headquartered at Mangkuluhur City Tower One in Jakarta, Indonesia, the company changed its name to PT Lotte Chemical Titan Tbk in April 2013 and operates as a subsidiary of Lotte Chemical Titan Holding with strong support from Lotte Chemical Corporation of South Korea. Recent developments include plans by subsidiary PT Lotte Chemical Titan Nusantara to add new business activities, as disclosed in multiple feasibility studies and announcements in 2025; a $3 billion long-term ethylene supply deal secured in July 2025; and participation in the LINE integrated petrochemical complex project in Indonesia, inaugurated in late 2025 with Lotte Chemical Titan holding a 51% stake to enhance national competitiveness and reduce import costs.