PETALING JAYA: Lotte Chemical Titan Holding Bhd's new polypropylene production plant (PP3 project) successfully commenced commercial operations on September 1.
"The PP3 project began construction in March 2017 and its mechanical completion was achieved in June 2018," the petrochemical firm said in a filing with the stock exchange.
The PP3 plant will produce polypropylene for the domestic and export market with an annual capacity of 200 kilo tonnes.
Polypropylene is a thermoplastic polymer used by our customers to fabricate a wide variety of products including automotive parts, medical equipment and woven bags.
At the midday break, Lotte's share price gained 1 sen or 0.2% to RM5.16 on 141,400 shares done.