Lotte Advanced Materials acquires two ABS plastic makers in Indonesia

Lotte Advanced Materials signed a deal to acquire full stakes in PT Arbe Styrindo and PT ABS Industri Indonesia, which produce ABS polymers and compound. The acquisition value was not disclosed. Lotte plans to ramp up production capacity to 73,000 tons per year and restart commercial production in 2019.

“The unlisted Korean company said on Thursday it signed a deal to buy out full stakes in PT Arbe Styrindo and PT ABS Industri Indonesia that more or less monopolize acrylonitrile butadiene styrene (ABS) business in the country.”pulse.mk.co.kr

• 2 sources
• pulse.mk.co.krLotte to acquire Indonesian plastic material companies - 매일경제 영문뉴스 펄스(Pulse)Dec 21, 2017
• plasticstoday.comKorea’s Lotte gains ABS foothold in Indonesia; plans major additionaStephen MooreJan 4, 2018

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