During the quarter, the company successfully completed its public listing, and Standard & Poor's Rating Services upgraded Titan Chemicals' credit rating to “BB” (stable). The recent de-pegging of the ringgit and its strengthening can result in an exchange gain on our USD-denominated loan.
Titan Chemicals was the first, and is the largest, integrated olefins and polyolefins producer in Malaysia and is the second largest polyolefins producer in Southeast Asia. Titan Chemicals presently operates eight plants on two integrated sites in Pasir Gudang and Tanjung Langsat in Johor, which are connected by a 12-km network of pipelines.
Titan Chemicals operates two principal business units, namely polyolefins, and olefins and aromatics. It has annual olefins production capacity of over 1,000,000 metric tonnes, and polymer capacity of more than 900,000 metric tonnes. Polyolefins are fundamental to the production of many diverse consumer and industrial products including flexible and rigid packaging, fibers and automotive parts.
In addition Titan Chemicals has an aromatics plant that produces 200,000 metric tonnes of benzene and toluene. Benzene is used to produce styrene, phenol and cyclohexane which are used in the production of nylon, plastics and rubber. Toluene is used as an octane enhancer in gasoline as a chemical feedstock for benzene and/or paraxylene production as a solvent in paints.
Titan Chemicals Corp Bhd , Malaysia's first and largest integrated producer of olefins and polyolefins and the second largest polyolefins producer in Southeast Asia. Titan Chemicals commenced construction of its first facility in Malaysia, a RM300 million PP plant, in 1989.
In just 15 years, our investments grew twenty-fold and we now have a total of eight integrated process facilities in Pasir Gudang and Tanjung Langsat in the southern state of Johor, Malaysia. Today, Titan Chemicals has a nameplate capacity of over 2,000,000 MTA of olefins, polyolefins and other associated products.
Titan Chemicals Corp. Bhd
marketing@alchempro.com
