Lotte Chemical Pakistan Ltd (LOTCHEM): LOTCHEM in Focus - Amidst Falling Oil Prices – By IIS Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">PTA (Purified Terephthalic Acid) business in Pakistan, initiated by ICI Pakistan Limited (now Lucky Core Industries), began in 1996 with plant construction and production launch in 1998. Operational efficiencies have consistently led the plant to surpass its capacity since 2002. In 2002, PTA business demerged from ICI Pakistan, forming Pakistan PTA Limited (PPTA). LOTTE Chemical acquired PPTA in 2009, renaming it Lotte Chemical Pakistan Ltd (LOTCHEM).</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">LOTCHEM is the only manufacturer of PTA in Pakistan. The Company has the capacity to produce 500,000 tons of PTA per year through its state-of-the-art plant located at Port Qasim, Karachi. PTA is key raw mater...