Lotte Chemical Pakistan History

Pakistan PTA Ltd was a member of the ICI Worldwide Group, which was acquired in 2008 by Akzo Nobel. With effect from 17 September 2009, Lotte completed its acquisition of the majority shareholdings in Pakistan PTA Limited, making it a member of the Lotte Group.

PPTA Timeline

1995 ICI group invests in the local (Pakistan) petrochemical industry to capture the growing local demand of PTA.
1997 Project Construction started.
1998 PTA plant commissioned.
2000 PTA business de-merged from ICI Pakistan Limited into Pakistan PTA Limited (PTA) and separately listed on all stock exchanges in Pakistan.
2008 Akzo Nobel completed its acquisition of ICI Plc, subsequently becoming the ultimate holding company of Pakistan PTA Limited.
2009 Lotte acquired majority shareholdings in Pakistan PTA Limited, making it a part of the Lotte Worldwide Group. Subsequently, the name of the Company was changed to Lotte Chemical Pakistan Ltd.