Lintas Citra Pratama (LCP) invests USD 300 million (approximately IDR 5.01 trillion) to build a polyethylene terephthalate (PET) factory in Cilegon with an annual capacity of 720,000 tons. The plant will be located on land owned by PT Merak Chemical Indonesia (MCCI), aiming to strengthen the national petrochemical downstream integration and reduce heavy import dependence.
The General Manager of MCCI stated that this move can expand LCP's contribution to the economy and promote integrated downstream development, enhancing Indonesia's competitiveness in the regional industrial chain. The factory will not only increase the added value of purified terephthalic acid (PTA) but also optimize the supply chain through PTA-PET integrated production, improving efficiency and competitiveness.
The project will generate a multiplier effect, absorb local labor, and strengthen downstream industrial structures such as polyester, food and beverage packaging, and resin PET plastic. LCP is committed to continuous investment in Indonesia and believes that government support for the upstream and downstream PET and polyester industries will help counter imported products and create a more integrated and competitive chemical industry.
Lintas Citra Pratama (LCP) invests USD 300 million (approximately IDR 5.01 trillion) to build a polyethylene terephthalate (PET) factory in Cilegon with an annual capacity of 720,000 tons. The plant will be located on land owned by PT Merak Chemical Indonesia (MCCI), aiming to strengthen the national petrochemical downstream integration and reduce heavy import dependence.
The General Manager of MCCI stated that this move can expand LCP's contribution to the economy and promote integrated downstream development, enhancing Indonesia's competitiveness in the regional industrial chain. The factory will not only increase the added value of purified terephthalic acid (PTA) but also optimize the supply chain through PTA-PET integrated production, improving efficiency and competitiveness.
The project will generate a multiplier effect, absorb local labor, and strengthen downstream industrial structures such as polyester, food and beverage packaging, and resin PET plastic. LCP is committed to continuous investment in Indonesia and believes that government support for the upstream and downstream PET and polyester industries will help counter imported products and create a more integrated and competitive chemical industry.