Lotte Pakistan PTA 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 Pakistan PTA Ltd. Lotte Pakistan PTA 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. The PTA plant was constructed in 1996/97 and started production in June 1998. 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 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.