Lotte Chemical Pakistan is a top supplier of purified terephthalic acid, an essential raw material used in the polyester industry. Lotte is a South Korean conglomerate that acquired the majority shareholdings in Pakistan PTA Limited in 2009.
Lotte Chemical Pakistan Ltd is the largest foreign direct investment in Pakistan’s petrochemical industry. Their plant at Port Qasim in Karachi was built using ICI’s modern technology in 1998. Producing Purified Terephthalic Acid which is an essential raw material for Pakistan’s textile and PET packaging industries and is the backbone of the polyester chain, including Polyester Staple Fibre, Filament Yarn, and PET resin.