Lotte Chemical Titan

What Lotte Chemical Titan does

Lotte Chemical Titan (PT LOTTE CHEMICAL TITAN TBK) is a publicly listed Southeast Asian petrochemical producer of polyolefins, headquartered in Jakarta, Indonesia, and controlled by South Korean conglomerate Lotte Chemical Corp. The group operates manufacturing facilities in Malaysia (Tanjung Langsat for polyethylene, Pasir Gudang for polypropylene) and Indonesia (Innovene gas-phase HDPE/LLDPE plant) under the Titanex, Titanzex, Titanlene, and Titanvene brands, with a combined nameplate capacity of 1,105 KTA of polyethylene and over 390 KTA of polypropylene. The product portfolio spans HDPE, LDPE, LLDPE, and polypropylene homopolymers, random copolymers, and impact copolymers, manufactured using licensed process technologies from Union Carbide (Unipol), ExxonMobil, Mitsui, Ineos, and LyondellBasell (Spheripol).

The company's commercial model is a direct B2B industrial sales operation targeting packaging, consumer goods, automotive, construction, and agricultural end-markets, executed through dedicated regional sales teams in Kuala Lumpur, Pulau Pinang, Johor, and Jakarta. Products are sold under quote-based pricing with multi-year contract cadences, and the portfolio carries an extensive certification footprint (RoHS, FDA, EU Food Contact, REACH, BPOM, USP Class VI, automotive substance listings) that supports food-contact, pharmaceutical, and toy-safety applications. Customer-facing channels are limited to a corporate website with English/Indonesian language versions, online inquiry forms, and periodic joint seminars with technology partners such as Milliken and Tederic.

Growth strategy is anchored by the announced Line petrochemical project in Banten Province, Indonesia — billed as the largest single South Korean investment in Indonesia and financed in part by a UOB Indonesia bilateral facility — alongside broader Indonesia–Korea bilateral commitments spanning petrochemicals, steel, batteries, and EVs. Revenue trajectory in the most recent reporting window has been negative, with declining top line, negative EBITDA, and negative operating income through 2024 and 2025, reflecting regional polyolefin oversupply and margin compression rather than company-specific deterioration.

Name

Lotte Chemical Titan

Legal name

PT LOTTE CHEMICAL TITAN TBK

Website

https://lottechem.co.id

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

Lotte Chemical Titan is a publicly listed Indonesian petrochemical producer (subsidiary of South Korea's Lotte Chemical Corp) manufacturing polyethylene and polypropylene at 1,495 KTA combined capacity in Malaysia and Indonesia, sold direct-to-industrial B2B customers across packaging, automotive, and consumer goods.

Ownership category

akta.pro rank

Product category

Petrochemicals

NAICS

Petrochemical Manufacturing (32511)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Industrial Organic Chemicals (2860)

akta.pro primary industry

Polyolefins (PE, PP) (IMAEADAD)

akta.pro secondary industries

Polyolefins (PE, PP) (IMAEANAA), Base Olefins (Ethylene, Propylene, Butadiene) (IMAEADAA)

Keywords

• Polyolefin manufacturing
• Polyethylene production
• Polypropylene manufacturing
• Petrochemical products
• HDPE LDPE LLDPE

Headquarters

HQ city

Setiabudi

HQ country

Indonesia

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Petrochemical Products Sales: Manufacturing and selling polyolefin products (HDPE, LDPE, LLDPE, PP homopolymers, random copolymers, and impact copolymers) to industrial customers. Revenue generated from direct sales of polymer products for various applications including packaging, automotive, construction, and consumer goods.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Lotte Chemical Titan manufactures and sells polyolefin products, including High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), and Polypropylene (PP) homopolymers, random copolymers, and impact copolymers, marketed under the brands Titanex, Titanzex, Titanlene, and Titanvene. Production is conducted at facilities in Malaysia and Indonesia using multiple licensed world-class technologies, serving packaging, automotive, construction, agricultural, and consumer goods manufacturers across Southeast Asia.

Product overview

Lotte Chemical Titan operates as a petrochemical company producing polyolefin products with manufacturing facilities in both Malaysia and Indonesia. The company offers two primary product lines: Polyethylene (PE) products including High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), and Linear Low Density Polyethylene (LLDPE) under brand names Titanex®, Titanzex®, Titanlene®, and Titanvene®; and Polypropylene (PP) products including homopolymers, random copolymers, and impact copolymers. The Malaysia operations have a combined PE capacity of 565KTA and PP capacity of 390KTA, while Indonesia operations have PE capacity of 450KTA. Production technologies include Unipol (Union Carbide), ExxonMobil tubular, Mitsui bimodal, Innovene gas phase, and LyondellBasell's Spheripol PP process.

Differentiator

Problem solved

Functional benefit

Brands

• Titanex: HDPE brand produced by Lotte Chemical Titan Malaysia
• Titanlene
• Titanzex
• Titanvene

Products and services

• Titanex® (HDPE) High Density Polyethylene (HDPE) produced by Lotte Chemical Titan Malaysia using Unipol technology from Union Carbide, with a nominal capacity of 220KTA. Offers high flow ability, stiffness, impact resistance, electrical insulation, mouldability, and cold resistance for general housewares, chemical containers, films, pallets, crates, caps and closures.
• Titanzex® (HDPE) High Density Polyethylene (HDPE) produced by Lotte Chemical Titan Malaysia using Mitsui bimodal process technology, with a 115KTA capacity. Provides excellent mouldability and cold resistance for general housewares, fish nets, ropes, chemical containers, films, pallets, crates, caps and closures.
• Titanlene® (LDPE) Low Density Polyethylene (LDPE) produced by Lotte Chemical Titan Malaysia using ExxonMobil tubular technology, with a 230KTA capacity. Designed for film applications including shopping bags, liners, and packaging.
• Titanvene® (HDPE/LLDPE) High Density Polyethylene (HDPE) and Linear Low Density Polyethylene (LLDPE) produced by Lotte Chemical Titan Indonesia using Innovene gas phase technology from Ineos, with a 450KTA capacity. Used for general housewares, packaging, and industrial containers.
• PP Homopolymers Polypropylene homopolymer products from Lotte Chemical Titan Malaysia produced using LyondellBasell's Spheripol PP process technology, with combined nominal capacity exceeding 390KTA at Pasir Gudang and MFR ranging from 1.7 to 60 g/10min. Used for automobile materials, fibers, and various containers.
• PP Random Copolymers

Quantifiable outcome

• Leading petrochemical company position in Southeast Asia market

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• POSCOcoreStrategic or Co-development Partner · 2 April 2026Indonesia secured $10.2 billion in Korean deals during President Prabowo's state visit to Seoul. Agreements span sectors including solar power, carbon capture, renewable energy, steel, batteries, and EVs with participation from major Korean firms including POSCO and Lotte Chemical.

Scale indicators6 records

Recent moves4 records

Expansion highlights5 records

Others

• Braskem: Latin America's largest petrochemical producer and a global PE/PP manufacturer. Comparable as a large-scale polyolefin competitor whose pricing and capacity decisions affect global polyolefin supply-demand balances relevant to LCT.

Broad incumbents

• INEOS Olefins & Polymers: Global petrochemical producer that licenses Innovene gas phase technology to LCT. Directly comparable as a polyolefin producer whose technology platform underpins LCT's Indonesia HDPE/LLDPE operations.
• Reliance Industries (Polyolefins): India's largest integrated petrochemicals player producing polyolefins at massive scale. Comparable as a global polyolefin supplier influencing Asian polymer pricing and competing with SEA producers like LCT for export markets.
• LyondellBasell Industries: Global polyolefin and petrochemical major that licenses Spheripol PP technology to LCT. Comparable as a large-scale HDPE/PP producer competing in global polyolefin trade flows that influence SEA pricing.

Direct peers

• Chandra Asri Petrochemical: Indonesia's largest petrochemical producer and a direct competitor. Chandra Asri operates an integrated naphtha cracker complex producing ethylene, propylene, PE and PP, serving the same packaging, automotive and consumer goods customers across Indonesia and the wider SEA region.
• IRPC Public Company Limited: Thai integrated petrochemical company producing polyolefins (HDPE, PP) and olefins. Comparable to LCT as a regional polyolefin manufacturer serving SEA converters and competing for similar end-market customers in packaging and automotive.
• SCG Chemicals: Subsidiary of Siam Cement Group producing olefins and polyolefins (HDPE, PP) for regional and global markets. Competes with LCT across SEA polymer customers and operates a similar integrated petrochemical platform.
• PTT Global Chemical: Thailand's largest petrochemical producer with integrated olefins and polyolefin (HDPE, LDPE, PP) operations. Directly comparable business model to LCT, supplying SEA polymer markets and competing for the same downstream converters.

Regional players

• Polyolefin Company (Singapore): Singapore-based HDPE producer operated by ExxonMobil and Shell. Regional polyolefin competitor operating in SEA with similar swing-plant technology and serving the same converter base as LCT in packaging and industrial applications.
• Petronas Chemicals Group: Malaysian integrated petrochemical producer (subsidiary of Petronas) operating olefins and polyolefin assets in the same geography as LCT. Directly comparable as a regional competitor supplying Malaysian and broader SEA polymer customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pt-lotte-chemical-titan-nusantara

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lotte Chemical Titan