Indonesian firm LCP invests in plastics plant

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Lintas Citra Pratama (LCP) is investing $300 million (about Rp 5.01 trillion) to build a 720,000-tonne-per-year polyethylene terephthalate (PET) plant in Cilegon on PT Merak Chemical Indonesia's (MCCI)-owned land, aiming to strengthen the country's integrated petrochemicals downstream layout and reduce the high import dependence.

The MCCI general manager said the move could expand theLCPContribute to the economy and promote integrated downstreaming to enhance competitiveness for Indonesia in the regional industry chain. The plant not only enhances the value-added of purified terephthalic acid (PTA), but also optimizes the supply chain through integrated PTA-PET production to improve efficiency and competitiveness.

The project will generatemultiplier effect(math.) genusAbsorption of local labormergeReinforced polyesterFood & Beverage Packaging & ResinsPET plasticDownstream industrial structureLCP CommitmentContinued investment in IndonesiaWe believe that government support for the upstream and downstream PET and polyester industries will be helpful toResisting imported products and building a more integrated and competitive chemical industryThe

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