Corporate Overview

PT. Titan Kimia Nusantara Tbk.

Established under its original name of PT Indofatra Plastik Industri on December 9, 1987, the Company changed its name into PT Fatrapolindo Nusa Industri in 1988. This name was later changed to PT Fatrapolindo Nusa Industri Tbk. in 2001, in relation to the process of listing the Company’s shares at Indonesia Stock Exchange (formerly Jakarta Stock Exchange and Surabaya Stock Exchange).

The Company is one of the producers of Biaxially Oriented Polypropylene (BOPP film) in Indonesia , with the brand name “Falene”. Falene BOPP film is produced by using high technology in plastic film industries and is one of the best films in Indonesia.

Using state-of-art technology from Mitsubishi Heavy Industries, Japan and DMT, SA - France, the Company produces variety of films, divided mainly in 4 categories, which are “Falene Plain”, “Falene Heat Sealable”, “Falene Cigarette” and “Falene Metalizable”.

All of the Company’s products are marketed directly and they are used for packaging food products, cigarettes over wraps, soap and detergent, stationery, adhesive tapes, cosmetics, audio/video cassette over wraps, packaging material for aluminum substitution (metalized film) and other products from variety of industries using plastics as main material for packaging.

March 21, 2002 , The Company listed its shares through Initial Public Offering in the Indonesia Stock Exchange (formerly Jakarta Stock Exchange and Surabaya Stock Exchange).

June 22, 2002 , The Company has successfully achieved ISO 9001:2000 certificate from Bureau Veritas Quality International (BVQi) Indonesia which is an international recognition for the standard of Quality Management System accomplishment for manufacturing category.

January 3, 2008, the Company undertook the Limited Public Offering I ("LPO I") in terms of Rights Issue. For the most part of funds received, used to acquire 100% ownership Titan Petchem (M) Sdn. Bhd., Malaysia in Chemical Brothers Limited which has a direct ownership of 99.85% in PT Titan Petrokimia Nusantara.

PT TITAN Petrokimia Nusantara, indirect subsidiary of the Company 

The company was established in 1990 by BP Chemicals Investment Limited, Mitsui & Co. Ltd and Sumitomo Corporation and PT. Arseto Petrokimia, as PT. Petrokimia Nusantara Interindo (PT. PENI). PT. PENI was the first and largest polyethylene (PE) producer in Indonesia. PE is one of world’s most widely used polymer; used to make a variety of plastic products from packaging film and containers to components for a host of industries. Following an acquisition by Titan Chemicals Corp. Bhd. in 2006, PT. PENI became PT. TITAN Petrokimia Nusantara.

A brief history

The plant is located on a 36-hectare site in Merak, Banten province, about 120 km outside Jakarta, started with two trains, two warehouses for PE storage with a combined capacity of nearly 14,000 metric tonnes, a private jetty that can serve incoming ships of up to 10,000 DWT and Hydrogen and Nitrogen production facilities. After two years of construction, in 1993 the company commenced production of PE with two trains; total capacity 200,000 tonnes per annum. A year later in 1994, the company’s first expansion programme led to an increase in production capacity by 50,000 tonnes per annum. The company embarked on a second expansion programme in 1998 by adding a third train with a capacity of 200,000 tonnes per annum. This brought the company’s total capacity to 450,000 tonnes per annum, making it the third largest High Density Polyethylene (HDPE) and Linear Low Density Polyethylene (LLDPE) producer in South East Asia. In 2003, PT. PENI’s shareholders sold the company to the Indika Group, an Indonesian group with interests in petrochemicals, energy and mining. Three years later, on 21 March 2006 Indika sold the company to Titan Petchem (M) Sdn. Bhd,, a subsidiary of Titan Chemicals Corp. Bhd. and was subsequently renamed PT. TITAN Petrokimia Nusantara (PT. TITAN).

For more information on Titan Chemicals Corp. Bhd. please visit www.titangroup.com