JAKARTA: PT Titan Kimia Nusantara Tbk targets to complete the sale process of its business unit focusing on manufacturing, marketing, distribution, and sales of Biaxially-Oriented polypropylene to PT Lotte Packaging at the end of this month.Lotte Packaging is a subsidiary of Lotte Group dominates major shares of Titan through Honam Petrochemical Corporation.Director of Titan Bambang Budihardja predicts to gain profit from the business unit sale having US$5 million loss consecutively.By releasing the business unit of BOPP, we will be a holder and trader only. Thus, we will focus on upstream sector, he told to Bisnis at the end of last week. (T01/NOM)
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