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Lotte Chemical Titan Holding Bhd (LCT) said ongoing geopolitical tensions in the Middle East, particularly the Iran war, continue to weigh on the global petrochemical industry and create an increasingly volatile and uncertain business environment, according to its president and chief executive officer Jang Seon Pyo.
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd (LCT) said ongoing geopolitical tensions in the Middle East, particularly the Iran war, continue to weigh on the global petrochemical industry and create an increasingly volatile and uncertain business environment, according to its president and chief executive officer Jang Seon Pyo.
Lotte Chemical Titan Holding Bhd (KL:LCTITAN) saw its first-quarter net loss narrow slightly against last year’s corresponding quarter, supported by improved margins in its olefins and derivatives segment, coupled with higher reversal of inventory write-downs to net realisable value.
PETALING JAYA: Lotte Chemical Titan Holding Bhd (LCTH) has entered into a US$25.3mil (RM103.7mil) related party transaction involving the sale of naphtha to its Indonesian subsidiary to ensure feedstock continuity amid geopolitical disruptions.
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd menerusi anak syarikat milik penuh, Lotte Chemical Titan (M) Sdn Bhd (LCTM), serta anak syarikat di Indonesia, PT Lotte Chemical Indonesia (LCI), memeterai kontrak bagi penjualan nafta bernilai AS$25.29 juta.
Lotte Chemical Titan Holding Bhd (KL:LCTITAN) has entered into a deal to sell naphtha — a key petrochemical feedstock — to a related party to mitigate operational risks and ensure continued feedstock supply following the closure of the Strait of Hormuz amid the Iran war.
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd (LCTH) has entered into a US$25.3mil (RM103.7mil) related party transaction involving the sale of naphtha to its Indonesian subsidiary to ensure feedstock continuity amid geopolitical disruptions.
THE ceasefire between the US and Iran has been welcomed worldwide, but the impact of the war — especially the closure of the Strait of Hormuz — continues to be felt across industries to varying degrees.
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The...