Success Stories

Lotte Pakistan PTA Limited

                                                    

Company Overview

Lotte Pakistan Pta Limited Formerly known as Pakistan Pta Limited is a word-class supplier of Purified Terephthalic Acid, an essential raw material used in the polyester industry. The Company's principal activity is to manufacture and distribute pure terephthalic acid, a white powder used in the textiles industry as raw material for making polyester fibres in Pakistan. The Company operates in Pakistan. The company has a major PTA plant in Port Qasim, Karachi. Lotte Group has so far invested $ 800 million in Pakistan and planning to make new investment in energy, food and tourism, and other areas.

Lotte Pakistan (LOTPTA), country’s largest PTA (Purified Terephthalic Acid) producer with the capacity of 500 million tonnes posted net profit of Rs 3.38bn in the year 2009 as compared to loss of Rs 1.76 billion in the previous year. During 2009, the company’s net sales grew by 15% to Rs 37.8bn mainly due to higher volumetric sales and better PTA prices.

Company Financials