Trading History of LOTCHEM in Pakistan Stock Exchange Market November 2020

Historical Data, Bid Trends and Statistics of Lotte Chemical Pakistan Limited in PSX - Pakistan Stock Exchange

Company Name: Lotte Chemical Pakistan Limited

Listed in Sector: CHEMICAL

Trading History of LOTCHEM in Pakistan Stock Exchange Market October 2020

About:

Lotte Chemical Pakistan Ltd is a world-class supplier of purified terephthalic acid, an essential raw material used in the polyester industry. Lotte, the South Korean conglomerate, acquired the majority shareholdings in Pakistan PTA Limited (PPTA) in September 2009. Subsequently, the name of the Company was changed to Lotte Chemical Pakistan Ltd.

Lotte Chemical Pakistan Ltd is the single largest foreign direct investment to date (US$ 490 million) in Pakistan’s petrochemical industry. The plant at Port Qasim, Karachi was built using ICI’s state-of-the-art technology when it was commissioned in 1998. It produces Purified Terephthalic Acid (PTA), an essential raw material for Pakistan’s textile and PET packaging industries and forms the backbone of the polyester chain, including Polyester Staple Fibre, Filament Yarn and PET (bottle grade) resin.

In addition to its own manufacturing facilities, the Company has helped create a large infrastructure network at the Port Qasim vicinity, which includes a chemical jetty, raw water pipeline and manufacture of industrial gases through third party contracts. It has therefore been a trendsetter in industrial investment in Pakistan.

The PTA plant was constructed in 1996/97 and started production in June 1998. Within a short time, PPTA’s dedicated and highly motivated team of professional engineers proved that it could run this complex plant to world standards of safety, environmental care, product quality and process efficiency. Since 2002 the plant has operated above its nameplate capacity of 400,000 tons per annum and following minor de-bottlenecking and process improvements, is capable of ramping that up to 500,000 tons per annum. The plant remains one of the most advanced facilities in its class in the region.

The company maintains its competitive edge by virtue of being a local manufacturer and major supplier for the domestic Polyester and PET industries with short delivery times, consistent quality and excellent customer service.

https://www.lottechem.pk/

Disclaimer: Investors are advised in their own interest to carefully do research and study before making any investment decision, above data is taken from one of PSX Broker so human error and data issue might be possible.

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