15 December 2004
Titan to change name to Titan Chemicals Corp. Bhd.

Titan Petrochemicals & Polymers Berhad (Titan Chemicals), Malaysia's first and largest integrated producer of olefins and polyolefins and the second largest polyolefins producer in Southeast Asia, today announced the change of its corporate name to Titan Chemicals Corp. Bhd. Its main operating subsidiary, Titan PP Polymers (M) Sdn Bhd will also change its name and be known as Titan Petchem (M) Sdn. Bhd. In conjunction with the name change, Titan Chemicals adopted a new corporate identity, including a new logo and visual identity.
 
Titan Chemicals is at the brink of exciting new developments as the recovery of the petrochemicals industry gathers momentum.  We have improved our balance sheet, strengthened our financial performance, and are positioning ourselves for future expansion and diversification.  The name change is intended to enhance our already strong Titan brand, as well as to more succinctly describe the scope of Titan’s activities,” said Donald M. Condon Jr, Managing Director of Titan Chemicals.

He further added, “Titan Chemicals has earned its reputation by consistently executing quality, innovation, and breadth in its products.  While our company name is changing, all core elements of our organization will remain the same. We will continue to provide our customers and partners with the same level of superior service and product excellence they have experienced”.

The company has obtained approval from the Companies Commission of Malaysia and its shareholders for these name changes, which are effective from 10 December 2004.  All future business activities will be undertaken with the new names.

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