Lotte Chemical Titan
Malaysian petrochemical producer operating olefin, polyolefin, polypropylene, polyethylene and aromatic production facilities.
Last updated August 26, 2026
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Overview
Lotte Chemical Titan is a Malaysian petrochemical company headquartered in Pasir Gudang, Johor. The business operates integrated petrochemical assets in southern Malaysia, including ethylene crackers, polypropylene plants, polyethylene plants and aromatic facilities. Its product portfolio is centered on olefins and polyolefins, with polyethylene and polypropylene grades supplied for industrial, consumer, packaging, household and automotive applications. The company traces its industrial development to Titan Chemicals, which began as a joint venture involving Datuk Chao Ting Tsung through The Chao Group International and Permodalan Nasional Berhad through its wholly owned subsidiary, PNB Equity Resources Corporation. Construction of the company's first Malaysian facility began in 1989, with the initial project described as a RM300 million polypropylene plant. Over time, the business developed a larger integrated manufacturing base in Pasir Gudang and nearby Tanjung Langsat in Johor. Titan's corporate history includes several changes in name and ownership. The company was previously known as Titan PP Polymers (M) Sdn Bhd and changed its name to Titan Petchem (M) Sdn Bhd in December 2004. Titan Chemicals Corporation was subsequently listed on the Main Board of Bursa Malaysia in 2005 under ticker 5103. In March 2006, the group expanded into Indonesia through the acquisition of PT Titan Petrokimia Nusantara, described in reference material as Indonesia's first and largest polyethylene plant. The Indonesian operation added three polyethylene plants to the wider portfolio. A major ownership transition took place in 2010. Honam Petrochemical Corporation, the South Korean predecessor of the modern Lotte Chemical organization, agreed to acquire Titan Chemicals. Honam had agreed to purchase a 72.32 percent stake for RM2.94 billion and subsequently received full acceptance for an offer to acquire the remaining 27.25 percent of shares at RM2.35 per share. The transaction resulted in Titan being taken private. Following the integration of Honam Petrochemical into the Lotte Chemical group, the Malaysian business became known as Lotte Chemical Titan. The company's manufacturing footprint has been described as comprising ten integrated process facilities in Pasir Gudang and Tanjung Langsat, with combined nameplate capacity of more than 2.4 million tonnes per year across olefins, polyolefins and associated products. Its polyethylene output includes high-density polyethylene, low-density polyethylene and linear low-density polyethylene. Certain low-density polyethylene grades are designed for injection-moulding uses such as cosmetic containers, bottle closures and food containers, while other grades serve broader packaging, household, infrastructure and automotive applications. Lotte Chemical Titan occupies a regional basic-materials position rather than a consumer-facing brand position. Its products are primarily sold as performance and processing materials to manufacturers and converters. The company's strategic importance within Lotte Chemical derives from its integrated Malaysian and Indonesian production base, access to Southeast Asian markets and participation in the upstream-to-downstream petrochemical value chain. Public reference material supplied for this entry does not establish a separate current corporate website, current executive roster or detailed recent operating results.
History
Lotte Chemical Titan developed from Titan Chemicals, a Malaysian petrochemical venture associated with Datuk Chao Ting Tsung's Chao Group International and Permodalan Nasional Berhad through PNB Equity Resources Corporation. The company's first Malaysian project was a polypropylene plant whose construction began in 1989. The project represented an early foundation for a broader integrated petrochemical complex in Johor. The business operated under the name Titan PP Polymers (M) Sdn Bhd before changing its name to Titan Petchem (M) Sdn Bhd in December 2004. As its manufacturing base expanded, Titan established operations involving polypropylene, polyethylene, ethylene-cracking and aromatic production. Its principal Malaysian assets were located in Pasir Gudang and Tanjung Langsat, in the southern state of Johor. Reference material describes the combined Malaysian facilities as ten integrated process facilities with total nameplate capacity exceeding 2.4 million tonnes per year across olefins, polyolefins and related products. Titan Chemicals Corporation became a public company in 2005 when it was listed on the Main Board of Bursa Malaysia as TITAN 5103. The listing placed one of Malaysia's major petrochemical producers within the country's public equity market and the company's shares were included in the Kuala Lumpur Composite Index according to the supplied reference material. The company expanded its regional footprint in March 2006 by acquiring PT Titan Petrokimia Nusantara in Merak, Indonesia. The acquired company operated three polyethylene plants and was described in the reference material as Indonesia's first and largest polyethylene plant. This transaction strengthened Titan's position in Southeast Asian polyethylene and gave the group production assets outside Malaysia. Ownership changed substantially in 2010 when South Korea's Honam Petrochemical Corporation agreed to acquire Titan Chemicals. Honam entered into an agreement to purchase a 72.32 percent stake, representing approximately 1.25 billion shares, for RM2.94 billion. It then made an unconditional offer for the remaining shares not already owned or held as treasury shares. By the closing date in December 2010, acceptance had been received for the remaining 27.25 percent, or approximately 470.89 million shares, at RM2.35 per share. Titan was consequently taken private. Honam Petrochemical later became part of the Lotte Chemical corporate structure, and the Malaysian business is now identified as Lotte Chemical Titan. The company continues to be associated with integrated petrochemical production in Malaysia, with products including HDPE, LDPE, LLDPE and polypropylene. These materials are used in packaging, containers, closures, household goods, industrial products and automotive components. The available source material does not provide a detailed account of later expansions, current production volumes by plant, current leadership or recent financial performance.
- 2010
Acquisition by Honam Petrochemical
[1]Honam Petrochemical agreed to acquire a controlling stake in Titan Chemicals and proceeded with an offer for the remaining shares.
- 2010
Privatization of Titan Chemicals
[1]Full acceptance of Honam Petrochemical's offer for the remaining shares resulted in Titan Chemicals being taken private.
- 2006
Indonesian polyethylene acquisition
[1]Titan Chemicals acquired PT Titan Petrokimia Nusantara in Merak, Indonesia, adding three polyethylene plants.
- 2005
Bursa Malaysia listing
[1]Titan Chemicals Corporation was listed on Bursa Malaysia's Main Board under ticker TITAN 5103.
- 2004
Corporate name changed to Titan Petchem
[1]The company formerly known as Titan PP Polymers (M) Sdn Bhd changed its name to Titan Petchem (M) Sdn Bhd in December.
- 1989
Construction of the first Malaysian polypropylene facility began
[1]Titan Chemicals began construction of its first Malaysian facility, described as a RM300 million polypropylene plant.
Products and positioning
An integrated Southeast Asian petrochemical producer supplying olefin and polyolefin materials to packaging, household-goods, consumer-product, industrial and automotive manufacturers.
Polyethylene
High-density polyethylene
HDPE is one of the company's principal polyolefin products. It is supplied for applications requiring a relatively rigid and durable thermoplastic, including household goods, packaging-related products and components used in industrial and automotive contexts. The supplied reference identifies HDPE as part of Lotte Chemical Titan's polyethylene offering, but does not specify individual grades or brands.
Polyethylene
Low-density polyethylene
LDPE is produced for a range of conversion and moulding applications. The reference material specifically identifies injection-moulding uses such as cosmetic containers, bottle closures and food containers, alongside broader household and packaging applications. Exact product grades, technical specifications and current trade names are not established by the supplied sources.
Polyethylene
Linear low-density polyethylene
LLDPE forms part of the company's polyethylene portfolio and is supplied as a flexible, processable resin for manufactured goods and packaging-related applications. The available material places LLDPE within the wider product range serving consumer, household, industrial and automotive uses, without identifying specific grades or end-market shares.
Polyolefin · 1989
Polypropylene
Polypropylene was the foundation of Titan's first Malaysian production project, whose construction began in 1989. The product is used across moulded and converted applications, including household goods, packaging and automotive products. The sources describe polypropylene plants as part of the company's integrated Malaysian manufacturing system but do not provide a detailed grade catalogue.
Basic petrochemicals
Olefins and aromatic products
Lotte Chemical Titan operates ethylene-cracking and aromatic facilities in addition to downstream polyolefin plants. These upstream and intermediate products support the company's integrated petrochemical chain and contribute to the production of associated materials. The supplied references do not list individual aromatic molecules, capacities or commercial product names.
Brand decisions
2010
Accept Honam Petrochemical's takeover offerM&ABackground
Honam Petrochemical agreed to purchase a 72.32 percent controlling stake in Titan Chemicals and subsequently sought the remaining shares.
Action taken
Honam offered RM2.35 per share for the remaining 27.25 percent of Titan shares after agreeing to acquire the controlling stake for RM2.94 billion.
Aftermath
The offer received full acceptance and Titan Chemicals was taken private. The business later became part of the Lotte Chemical group.
Purchase price for controlling stake. RM2.94 billion agreed consideration (2010)
2006
Acquire PT Titan Petrokimia NusantaraM&ABackground
Titan Chemicals sought to expand its regional polyethylene platform beyond Malaysia.
Action taken
The company acquired PT Titan Petrokimia Nusantara in Merak, Indonesia, adding three polyethylene plants.
Aftermath
The transaction expanded Titan's production footprint into Indonesia and strengthened its regional polyolefin position.
Recent events
Lotte Chemical Titan reports fourth-quarter earnings[2]
Reported:
Lotte Chemical Titan Holding Bhd reported fourth-quarter net profit of RM151.16 million, down 19.49% year over year, citing lower average selling prices and sales volume in its olefins and derivatives segment.
Sources2 sources
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