# 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.

- Type: Acquisition
- Announced: 2017-12-21
- Where: Banten, Indonesia
- Status: announced
- Capacity: 73,000 tons per year
- Products: ABS polymers and compound
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Lotte Advanced Materials](https://endata.com/companies/23440.md) (acquirer)
- [PT Arbe Styrindo](https://endata.com/companies/28968.md) (target)
- [PT ABS Industri Indonesia](https://endata.com/companies/28969.md) (target)

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/8105502), 2017-12-21: "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."
- [plasticstoday.com](https://www.plasticstoday.com/materials/korea-s-lotte-gains-abs-foothold-in-indonesia-plans-major-additional-investment), 2018-01-04: "Lotte Advanced Materials is betting that demand for ABS resin in Indonesia will grow on the back of increasing production of consumer goods, appliances and automobiles."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.