Lotte Chemical Pakistan is the top supplier of purified terephthalic acid, the most important raw material required by the polyester manufacturing industry. Lotte Chemical is a South Korean conglomerate that acquired Pakistan PTA Limited’s major shareholdings and hence the name of the was changed to Lotte Chemical Pakistan Ltd.
Lotte Chemical Pakistan is the largest foreign investment made directly into Pakistan (US$ 490 million) petrochemical industry. Lotte Chemical’s plant is located at Port Qasim in Karachi and was built using ICI’s state-of-the-art international technology in 1998.
Lotte Chemical produces Purified Terephthalic Acid needed by the PET packaging industries and makes up the the essential part of the polyester supply chain, including Polyester Staple Fibre, Filament Yarn and bottle grade PET resin.
The Lotte Chemical plant was built in 1997 and production started in 1998. Lotte Chemical’s plant follows internation safety standards, environmental care, maintaining high product quality and process efficiency.
Since its start, Lotte Chemical focused on meeting Pakistan’s Polymer demand and also exports it to other countries. Lotte Chemical’s product meets all international standards and is a well known brand to customers in Asia and the Middle East region.
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