Tag: Lotte Advanced Materials

Robust Investment Outlook (2)

Indonesia started 2018 with significantly more positive news in investments. Other than significant investment by Google in ride-hailing brand Go-Jek, we recorded investment initiatives by companies in various sectors, including energy, mineral processing, and petrochemicals.

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Speculating in Lotte Chemical’s Next Move

Lotte Advanced Materials Co, the chemical arm of South Korean retail giant Lotte Group, has signed a deal to acquire PT Arbe Styrindo and PT ABS Industri Indonesia, two plastic resin producers, for undisclosed consideration. Following the acquisition, Lotte plans to invest in upgrading production facilities of the new subsidiaries.

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