Lotte purchases Indonesian resin-making companies
Korea JoongAng Daily

Home > Business > Industry

print dictionary print

Lotte purchases Indonesian resin-making companies

Published: 21 Dec. 2017, 19:13
Korean retail giant Lotte said Thursday it has purchased Indonesian synthetic resin makers, the latest in a series of deals meant to tap deeper into the world’s fourth most populous nation.

Lotte Advanced Materials, the chemical arm of Lotte, has signed a deal to wholly purchase PT Arbe Styrindo and PT ABS Industri Indonesia.

Lotte did not disclose details on the acquisition price of the two firms, which are controlled by the same main shareholder.

Yonhap
tags

More in Industry

Agencies fight over The Boyz trademark rights

Samsung Electronics names new CFO and sets up an AI center

'Travel advisory: Korea': Martial law scare threatens tourism with national warnings

Panicked shoppers hoard bottled water, toilet paper amid martial law chaos

Korean businesses on high alert as brief martial law spurs market turmoil

Related Stories

8 in 10 businesses expect Trump to hurt Korean economy, KEF survey finds

Looks can be deceiving: BMW's X3 has new look, same old good driving

Russia invites North Korean troops to Victory Day celebration after Moscow's defense chief meets Kim

Prepared for a bumpy ride ahead?

Protestors throng downtown Seoul to denounce Yoon gov't, demand special probe for first lady
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)