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Lotte Chemical Pakistan is a globally recognized supplier of purified terephthalic acid, which is an essential raw material required in the polyester industry. Lotte which is a South Korean conglomerate, acquired Pakistan PTA Limited’s major shareholdings and subsequently, the name of the was changed to Lotte Chemical Pakistan Ltd.
Lotte Chemical Pakistan is the largest direct foreign investment currently (US$ 490 million) in Pakistan’s petrochemical industry. Lotte Chemical Pakistan’s plant is located at Port Qasim in Karachi and was built using ICI’s state-of-the-art technology in 1998. The plant produces Purified Terephthalic Acid needed in Pakistan’s textile and PET packaging industries and makes up the backbone of the polyester supply chain, which includes Polyester Staple Fibre, Filament Yarn and PET (bottle grade) resin.
The Lotte Chemical Pakistan plant was constructed in 1997 and started production in June 1998. Lotte Chemical Pakistan’s complex plant follows world standards of safety, environmental care, product quality and process efficiency. The Lotte Chemical Pakistan plant continues to operate under a technology license with IPT giving it access to the latest developments in technology research knowledge related to Lotte Chemical Pakistan’s manufacturing.
Since its inception, Lotte Chemical Pakistan has focused on meeting Pakistan’s PTA demand. However, if domestic demand slows down, only then the Company exports to other countries. Our product meets all international standards and is well known to key customers in Asia and Middle East region.
Zaraye provides polymer products from Lotte and other leading brands at the best rate in Pakistan on one platform. To get the best quality polymer raw materials from all the leading brands at the best rates download the Zaraye app now or contact us to get a quote!