SEOUL, July 30 (Reuters) - South Korea’s Lotte Chemical Corp said on Thursday the petrochemical firm would expand its naphtha cracking centre in Malaysia at a cost of 300 billion Korean won ($257 million).
With the mechanical completion of the expansion scheduled in the second-half of 2017, Lotte Chemical Titan (M) Sdn. Bhd. will have ethylene production capacity of 812,000 tonnes per year (tpy), up 92,000 tpy from the current size, the company said in a quarterly earnings statement. ($1=1,167.7700 won) (Reporting by Meeyoung Cho)