Lotte makes largest foreign direct investment

SINGAPORE (ICIS)–Lotte Pakistan PTA (Lotte PPTA) plans to triple its purified terephthalic acid (PTA) nameplate capacity to 1.5m tonnes/year by late 2014 to meet the growing domestic and regional demand, a company executive said on Thursday.

According to the website, Lotte PPTA has made the single largest foreign direct investment to date of $490m in Pakistan’s petrochemical industry.

http://www.icis.com/Articles/2011/06/16/9469970/lotte-pakistan-pta-mulls-1m-tonnes-new-capacity-by-2014.html

Lotte CEO, M. Asif Saad pictured at a CSR related event

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