Lotte Chemical Pakistan Limited, formerly known as Pakistan PTA, is a Pakistani chemicals manufacturer based in Karachi. It is a subsidiary of PTA Global Holding, a joint venture between Montage Commodities FZCO and AsiaPak Investments.[2]
Lotte Chemical Pakistan was initially established by ICI Pakistan.[3][4][5] The construction of the plant began in 1996 on a 100-acre site in Port Qasim.[6][7]
In 2008, following AkzoNobel's acquisition of Imperial Chemical Industries, it became part of AkzoNobel.[4][11] A year later, in 2009, KP Chemical, a subsidiary of Lotte Corporation, acquired Pakistan PTA and renamed it as Lotte Pakistan PTA Limited.[12][13][11]
In 2012, Lotte commissioned a co-generation plant with a capacity of 40MW.[13][11] A year later, in 2013, Lotte Pakistan PTA Limited was renamed as Lotte Chemical Pakistan Limited.[11]
