Titan Chemical Corp
Encyclopedia
Titan Chemicals Corp engages in the ownership and operation of polypropylene
plants, polyethylene
plants, ethylene
crackers, and aromatic plants. It offers high density polyethylene (HDPE), low density polyethylene (LDPE), and linear low density polyethylene (LLDPE) for various kinds of applications, room household-wares to automotives products. The company also manufactures low density polyethylene for injection molding
for cosmetic containers, bottle closures, and food containers. The company is based in Pasir Gudang
, Malaysia.
Titan Chemicals commenced construction of its first facility in Malaysia, a RM300 million polypropylene
plants, in 1989. At present, Titan Chemicals own 10 integrated process facilities in Pasir Gudang
and Tanjung Langsat
in the southern state of Johor
which has a total nameplate production capacity of over 2.4 million tonnes annually of olefins, polyolefins and other associated products.
The company was formerly known as Titan PP Polymers (M) Sdn Bhd and changed its name to Titan Petchem (M) Sdn. Bhd. in December 2004.
Titan Chemicals Corp. Sdn. Bhd. was listed on the Main Board of Bursa Malaysia
as TITAN 5103 in 2005. Its stock is included in the KL Composite Index.
On March 2006, Titan Chemicals acquired PT. TITAN Petrokimia Nusantara, Indonesia
’s first and largest Polyethylene plant in the country. Situated in Merak, Indonesia
, PT. TITAN adds 3 Polyethylene plants to Titan Chemicals' portfolio.
On November 2010, Titan Chemicals was acquired by Honam Petrochemical Corp.
’s Honam Petrochemical Corp has received full acceptance to take Titan Chemicals Corp private, by acquiring the remaining 27.25% shares it does not own at RM2.35 apiece. Titan shares, for which acceptance had been received by Honam after the posting date and up to 5pm closing date on Dec 24, 2010, were listed as 27.25%, representing 470.89 million shares, according to Titan in a filing. On Nov 1, 2010, Titan received a notice of unconditional takeover offer from Honam to acquire all remaining shares (excluding treasury shares) following Honam’s sale and purchase agreement in July to buy a 72.32% stake, or 1.25 billion shares, in Titan Chemicals for RM2.94 billion.
Polypropylene
Polypropylene , also known as polypropene, is a thermoplastic polymer used in a wide variety of applications including packaging, textiles , stationery, plastic parts and reusable containers of various types, laboratory equipment, loudspeakers, automotive components, and polymer banknotes...
plants, polyethylene
Polyethylene
Polyethylene or polythene is the most widely used plastic, with an annual production of approximately 80 million metric tons...
plants, ethylene
Ethylene
Ethylene is a gaseous organic compound with the formula . It is the simplest alkene . Because it contains a carbon-carbon double bond, ethylene is classified as an unsaturated hydrocarbon. Ethylene is widely used in industry and is also a plant hormone...
crackers, and aromatic plants. It offers high density polyethylene (HDPE), low density polyethylene (LDPE), and linear low density polyethylene (LLDPE) for various kinds of applications, room household-wares to automotives products. The company also manufactures low density polyethylene for injection molding
Injection molding
Injection molding is a manufacturing process for producing parts from both thermoplastic and thermosetting plastic materials. Material is fed into a heated barrel, mixed, and forced into a mold cavity where it cools and hardens to the configuration of the cavity...
for cosmetic containers, bottle closures, and food containers. The company is based in Pasir Gudang
Pasir Gudang
Pasir Gudang is an industrial town located 35 km east of Johor Bahru in Malaysia . It is the eastern end of the Johor Bahru metropolitan area. The population is around 100,000. It is connected by the 4 lane Pasir Gudang Highway, a trunk road, and a railway line to Johor Bahru...
, Malaysia.
History
Titan Chemicals began as a joint-venture in which Datuk Chao Ting Tsung, through The Chao Group International and Permodalan Nasional Berhad (PNB), through its wholly owned subsidiary, PNB Equity Resources Corporation (PERC), have major interest.Titan Chemicals commenced construction of its first facility in Malaysia, a RM300 million polypropylene
Polypropylene
Polypropylene , also known as polypropene, is a thermoplastic polymer used in a wide variety of applications including packaging, textiles , stationery, plastic parts and reusable containers of various types, laboratory equipment, loudspeakers, automotive components, and polymer banknotes...
plants, in 1989. At present, Titan Chemicals own 10 integrated process facilities in Pasir Gudang
Pasir Gudang
Pasir Gudang is an industrial town located 35 km east of Johor Bahru in Malaysia . It is the eastern end of the Johor Bahru metropolitan area. The population is around 100,000. It is connected by the 4 lane Pasir Gudang Highway, a trunk road, and a railway line to Johor Bahru...
and Tanjung Langsat
Tanjung Langsat
Tanjung Langsat is a main industrial area and port in Pasir Gudang, Johor, Malaysia.An onshore oil terminal is being built, with 130 000 cu meter of oil storage already built , and another 400 000 cu meter to be ready in march 2010....
in the southern state of Johor
Johor
Johor is a Malaysian state, located in the southern portion of Peninsular Malaysia. It is one of the most developed states in Malaysia. The state capital city and royal city of Johor is Johor Bahru, formerly known as Tanjung Puteri...
which has a total nameplate production capacity of over 2.4 million tonnes annually of olefins, polyolefins and other associated products.
The company was formerly known as Titan PP Polymers (M) Sdn Bhd and changed its name to Titan Petchem (M) Sdn. Bhd. in December 2004.
Titan Chemicals Corp. Sdn. Bhd. was listed on the Main Board of Bursa Malaysia
Bursa Malaysia
Bursa Malaysia is an exchange holding company approved under Section 15 of the Capital Markets and Services Act 2007. It operates a fully integrated exchange, offering the complete range of exchange-related services including trading, clearing, settlement and depository services.- History :Bursa...
as TITAN 5103 in 2005. Its stock is included in the KL Composite Index.
On March 2006, Titan Chemicals acquired PT. TITAN Petrokimia Nusantara, Indonesia
Indonesia
Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
’s first and largest Polyethylene plant in the country. Situated in Merak, Indonesia
Indonesia
Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
, PT. TITAN adds 3 Polyethylene plants to Titan Chemicals' portfolio.
On November 2010, Titan Chemicals was acquired by Honam Petrochemical Corp.
Production Facilities
| Plant | Original Nameplate Capacity (KTA) |
Actual Capacity (KTA) |
Technology | Location |
|---|---|---|---|---|
| Cracker 1 - Olefins | 345 | 442 | Stone & Webster Stone & Webster Stone & Webster is an American engineering services company based in Stoughton, Massachusetts. Stone & Webster was founded as an electrical testing lab and consulting firm by electrical engineers Charles Stone and Edwin Webster in 1889. It was acquired by The Shaw Group in 2000. The company... |
Pasir Gudang Pasir Gudang Pasir Gudang is an industrial town located 35 km east of Johor Bahru in Malaysia . It is the eastern end of the Johor Bahru metropolitan area. The population is around 100,000. It is connected by the 4 lane Pasir Gudang Highway, a trunk road, and a railway line to Johor Bahru... , Malaysia |
| Cracker 2 - Olefins | 495 | 667 | Stone & Webster Stone & Webster Stone & Webster is an American engineering services company based in Stoughton, Massachusetts. Stone & Webster was founded as an electrical testing lab and consulting firm by electrical engineers Charles Stone and Edwin Webster in 1889. It was acquired by The Shaw Group in 2000. The company... |
Pasir Gudang Pasir Gudang Pasir Gudang is an industrial town located 35 km east of Johor Bahru in Malaysia . It is the eastern end of the Johor Bahru metropolitan area. The population is around 100,000. It is connected by the 4 lane Pasir Gudang Highway, a trunk road, and a railway line to Johor Bahru... , Malaysia |
| Polypropylene Plant 1 | 100 | 180 | Basell Polyolefins Basell Polyolefins Basell Polyolefins was a joint venture between BASF and Royal Dutch Shell. Leonard Blavatnik's Access Industries acquired it from the venturers for $5.7 billion in August 2005... |
Pasir Gudang Pasir Gudang Pasir Gudang is an industrial town located 35 km east of Johor Bahru in Malaysia . It is the eastern end of the Johor Bahru metropolitan area. The population is around 100,000. It is connected by the 4 lane Pasir Gudang Highway, a trunk road, and a railway line to Johor Bahru... , Malaysia |
| Polypropylene Plant 2 | 200 | 300 | Basell Polyolefins Basell Polyolefins Basell Polyolefins was a joint venture between BASF and Royal Dutch Shell. Leonard Blavatnik's Access Industries acquired it from the venturers for $5.7 billion in August 2005... |
Pasir Gudang Pasir Gudang Pasir Gudang is an industrial town located 35 km east of Johor Bahru in Malaysia . It is the eastern end of the Johor Bahru metropolitan area. The population is around 100,000. It is connected by the 4 lane Pasir Gudang Highway, a trunk road, and a railway line to Johor Bahru... , Malaysia |
| LLDPE / HDPE Swing Plant | 200 | 220 | Union Carbide Union Carbide Union Carbide Corporation is a wholly owned subsidiary of The Dow Chemical Company. It currently employs more than 2,400 people. Union Carbide primarily produces chemicals and polymers that undergo one or more further conversions by customers before reaching consumers. Some are high-volume... |
Pasir Gudang Pasir Gudang Pasir Gudang is an industrial town located 35 km east of Johor Bahru in Malaysia . It is the eastern end of the Johor Bahru metropolitan area. The population is around 100,000. It is connected by the 4 lane Pasir Gudang Highway, a trunk road, and a railway line to Johor Bahru... , Malaysia |
| LDPE Plant | 200 | 230 | ExxonMobil ExxonMobil Exxon Mobil Corporation or ExxonMobil, is an American multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller's Standard Oil company, and was formed on November 30, 1999, by the merger of Exxon and Mobil. Its headquarters are in Irving, Texas... |
Tanjung Langsat Tanjung Langsat Tanjung Langsat is a main industrial area and port in Pasir Gudang, Johor, Malaysia.An onshore oil terminal is being built, with 130 000 cu meter of oil storage already built , and another 400 000 cu meter to be ready in march 2010.... , Malaysia |
| HDPE Plant | 100 | 115 | Mitsui Mitsui is one of the largest corporate conglomerates in Japan and one of the largest publicly traded companies in the world.-History:Founded by Mitsui Takatoshi , who was the fourth son of a shopkeeper in Matsusaka, in what is now today's Mie prefecture... |
Tanjung Langsat Tanjung Langsat Tanjung Langsat is a main industrial area and port in Pasir Gudang, Johor, Malaysia.An onshore oil terminal is being built, with 130 000 cu meter of oil storage already built , and another 400 000 cu meter to be ready in march 2010.... , Malaysia |
| Aromatics Plant | 170 | 200 | Krupp Krupp The Krupp family , a prominent 400-year-old German dynasty from Essen, have become famous for their steel production and for their manufacture of ammunition and armaments. The family business, known as Friedrich Krupp AG Hoesch-Krupp, was the largest company in Europe at the beginning of the 20th... Uhde |
Pasir Gudang Pasir Gudang Pasir Gudang is an industrial town located 35 km east of Johor Bahru in Malaysia . It is the eastern end of the Johor Bahru metropolitan area. The population is around 100,000. It is connected by the 4 lane Pasir Gudang Highway, a trunk road, and a railway line to Johor Bahru... , Malaysia |
| Butadiene Plant | 100 | 100 | BASF BASF BASF SE is the largest chemical company in the world and is headquartered in Germany. BASF originally stood for Badische Anilin- und Soda-Fabrik . Today, the four letters are a registered trademark and the company is listed on the Frankfurt Stock Exchange, London Stock Exchange, and Zurich Stock... |
Pasir Gudang Pasir Gudang Pasir Gudang is an industrial town located 35 km east of Johor Bahru in Malaysia . It is the eastern end of the Johor Bahru metropolitan area. The population is around 100,000. It is connected by the 4 lane Pasir Gudang Highway, a trunk road, and a railway line to Johor Bahru... , Malaysia |
| Metathesis Plant | 115 | 115 | ABB Lummus | Pasir Gudang Pasir Gudang Pasir Gudang is an industrial town located 35 km east of Johor Bahru in Malaysia . It is the eastern end of the Johor Bahru metropolitan area. The population is around 100,000. It is connected by the 4 lane Pasir Gudang Highway, a trunk road, and a railway line to Johor Bahru... , Malaysia |
| LLDPE/HDPE Swing Plant | 450 | 450 | BP BP BP p.l.c. is a global oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by revenues and one of the six oil and gas "supermajors"... Innovene |
Merak, Indonesia Indonesia Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an... |
| BOPP | 38 | 38 | Tenter | Merak, Indonesia Indonesia Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an... |
| Total | 2,513 | 3,057 | ||
Acquired by Honam Petrochemical Corp
South KoreaSouth Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
’s Honam Petrochemical Corp has received full acceptance to take Titan Chemicals Corp private, by acquiring the remaining 27.25% shares it does not own at RM2.35 apiece. Titan shares, for which acceptance had been received by Honam after the posting date and up to 5pm closing date on Dec 24, 2010, were listed as 27.25%, representing 470.89 million shares, according to Titan in a filing. On Nov 1, 2010, Titan received a notice of unconditional takeover offer from Honam to acquire all remaining shares (excluding treasury shares) following Honam’s sale and purchase agreement in July to buy a 72.32% stake, or 1.25 billion shares, in Titan Chemicals for RM2.94 billion.