Lotte Chemical Completes Mass Production Trial of Thermoplastic

Lotte Chemical Titan Holding Berhad (LCT) has completed a mass production trial of Metallocene linear low-density polyethylene (mLLDPE), an important component in the production of plastic items such as industrial film, food packaging, and stretch and shrink film.

In a statement today, LCT said mLLDPE is a thermoplastic and a form of linear low-density polyethylene (LLDPE) using metallocene catalyst.

It said the usage of mLLDPE will allow producers to achieve their output margins with a comparatively lower polymer input, leading to cost savings.

LCT said mLLDPE has superior transparency and impact strength, compared with conventional LLPDE, resulting in better efficiency and competitiveness to customers.

LCT president and CEO Dr Lee Dong Woo said LCT’s breakthrough with mLLDPE comes after several trial productions since 2012.

“As a company dedicated to continuous innovation, LCT can now introduce to our customers, mLLDPE which is a cleaner and lighter alternative to conventional LLDPE.

“Commercial production of mLLDPE will effectively widen our product portfolio and we are confident that this product can meet the needs of our local and regional customers, given its excellent qualities,” Dr Lee said.

Lee said LCT will be the first producer of mLLDPE in Malaysia and Indonesia, supplying to the domestic market demand of approximately 150 kilotonnes per annum.

He added mLLDPE is currently manufactured at LCT’s PT Lotte Chemical Titan Nusantara plant in Cilegon Indonesia.

LCT targets to begin distribution of mLLDPE within Q4, 2017, following customer evaluations.

At midday break today, LCT dipped 0.82% or 5 sen to RM6.08, with 258,000 shares traded.