Formerly | Pakistan PTA Limited (2000–2009) Lotte Pakistan PTA Limited (2009–2012) |
---|---|
Company type | Public |
PSX: LOTCHEM KSE 100 component | |
Industry | Chemical |
Founded | 1998 |
Headquarters | Karachi, Pakistan |
Key people | Young Dae Kim (CEO) Sung Soo Bae (chairman) |
Revenue | ![]() |
![]() | |
![]() | |
Total assets | ![]() |
Total equity | ![]() |
Owner | Lotte Chemical (75.01%) |
Number of employees | 226 (2023) |
Parent | Lotte Chemical |
Website | lottechem |
Footnotes /references Financials as of 31 December 2023 [update] [1] |
Lotte Chemical Pakistan Limited is a Pakistani chemicals manufacturer based in Karachi. It is a subsidiary of South Korean multinational Lotte Chemical.
Lotte Chemical Pakistan was initially established by ICI Pakistan. [2] [3] [4] The construction of the plant began in 1996 on a 100-acre site in Port Qasim. [5] [6] The plant was commissioned in May 1998 and originally had a production capacity of 400,000 tons per year. [5] [7] It was built at a cost of $479.9 million with $170 million in equity invested by ICI Pakistan while $22.5 million was funded through term finance certificate issued in 1995 and remaining $281.5 million were raised through long-term loans including $171.2 million provided by commercial banks in 1996. [8] [9] In addition to the main plant, ICI constructed a 34-mile water pipeline at a cost of $30 million, supplying 8.5 million gallons of water daily to the plant. [5] [6] ICI also developed a 220-kilovolt industrial power connection and built a grid station, investing $16 million to provide power to its plant. [5]
In 2000, it was demerged from ICI Pakistan to form Pakistan PTA Limited. [3] [10]
In 2008, following AkzoNobel's acquisition of Imperial Chemical Industries, it became part of AkzoNobel. [3] [10] A year later, in 2009, KP Chemical, a subsidiary of Lotte Corporation, acquired Pakistan PTA and renamed it as Lotte Pakistan PTA Limited. [11] [12] [10]
In 2012, Lotte commissioned a co-generation plant with a capacity of 40MW. [12] [10] A year later, in 2013, Lotte Pakistan PTA Limited was renamed as Lotte Chemical Pakistan Limited. [10]
Imperial Chemical Industries (ICI) was a British chemical company. It was, for much of its history, the largest manufacturer in Britain. Its headquarters were at Millbank in London. ICI was a constituent of the FT 30 and later the FTSE 100 indices.
Akzo Nobel N.V., stylised as AkzoNobel, is a Dutch multinational company which creates paints and performance coatings for both industry and consumers worldwide. Headquartered in Amsterdam, the company has activities in more than 150 countries. AkzoNobel is the world's third-largest paint manufacturer by revenue after Sherwin-Williams and PPG Industries.
PPG Industries, Inc. is an American Fortune 500 company and global supplier of paints, coatings, and specialty materials. With headquarters in Pittsburgh, Pennsylvania, PPG operates in more than 70 countries around the globe. By revenue it is the second largest coatings company in the world behind Sherwin-Williams. It is headquartered in PPG Place, an office and retail complex in downtown Pittsburgh, and is known for its glass facade designed by Postmodern architect Philip Johnson.
Canadian Industries Limited, also known as C-I-L, is a Canadian chemicals manufacturer. Products include paints, fertilizers and pesticides, and explosives. It was formed in 1910 by the merger of five Canadian explosives companies. It was until recently a subsidiary of Imperial Chemical Industries until ICI was purchased by AkzoNobel.
The Hub Power Company Limited, colloquially known as Hubco, is a Pakistani power company based in Karachi, Sindh. It was the first independent power producer (IPP) established in Pakistan, and before the termination of its energy agreement in October 2024, it was the largest IPP in the country.
Courtaulds was a United Kingdom-based manufacturer of fabric, clothing, artificial fibres, and chemicals. It was established in 1794 and became the world's leading man-made fibre production company before being broken up in 1990 into Courtaulds plc and Courtaulds Textiles Ltd.
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
The Kot Addu Power Company (KAPCO) (Urdu: کوٹ ادّو پاور کمپنی) is a Pakistani electric power company based in Lahore. It formerly operated a multi-fuel fired power plant in Kot Addu District, Punjab. The plant had a nameplate capacity of 1,600 MW consisting of 15 generating units.
Nobel Enterprises is a chemicals business that used to be based at Ardeer, in the Ayrshire town of Stevenston, in Scotland. Specialising in nitrogen-based propellants and explosives and nitrocellulose-based products such as varnishes and inks. It was formerly ICI Nobel, a division of the chemicals group ICI, but was then sold to Inabata, a Japanese trading firm. The business was sold on to Chemring Group in 2005 and is now a Scottish Company, part of Chemring Group. Stefan Donald is currently the lead engineer for the ongoing regeneration project.
Tata Chemicals Europe is a UK-based chemicals company that is a subsidiary of Tata Chemicals, itself a part of the India-based Tata Group. Its principal products are soda ash, sodium bicarbonate, calcium chloride and associated alkaline chemicals.
Lucky Cement Limited, also known as Lucky Group, is a Pakistani conglomerate headquartered in Karachi, Sindh. Named after the place, Lakki Marwat, where the first plant was commissioned in 1993, Lucky has become one of the largest cement producers in Pakistan. It has 15.3 million tonnes per annum of manufacturing capacity. The company is listed on the Pakistan Stock Exchange.
Fauji Fertilizer Company Limited (FFC) is a Pakistani fertilizer manufacturer based in Rawalpindi. It is a subsidiary of the Fauji Foundation.
Engro Corporation Limited, formerly Engro Chemicals Pakistan Limited, and commonly known as Engro, is a Pakistani conglomerate headquartered in Karachi. It was founded as Esso Fertilizer in 1965 by Esso. Its subsidiaries, including Engro Energy, Engro Enfrashare, Engro Elengy Terminal, Engro Eximp FZE, Engro Eximp Agriproducts, Engro Fertilizers, Engro Polymer & Chemicals, and Engro Vopak Terminal, operate in energy, petrochemicals, fertilizers, port terminals, and telecommunications towers.
Elliott Investment Management L.P. is an American investment management firm. It is also one of the largest activist funds in the world.
Engro Holdings Limited, formerly known as Dawood Hercules Corporation Limited is a Pakistani holding company headquartered in Karachi.
The Lalpir Power Complex, is a power plant complex located in Mehmood Kot, District Muzaffargarh, Punjab, Pakistan. It was active until October 2024, when Lalpir prematurely terminated its energy purchase agreement with the government of Pakistan amid concerns about coercion and threats of corruption cases against IPP owners if they sought international arbitration.
Maple Leaf Cement is a Pakistani cement manufacturer based in Lahore. It is the fifth-largest cement manufacturer in Pakistan after Lucky Cement, Bestway Cement, Fauji Cement, and DG Cement.
Engro Polymer & Chemical Limited is a Pakistani polymer manufacturing company based in Karachi, Pakistan. It is a subsidiary of Engro Corporation with a local market share of more than 70%.
Bestway Cement Limited is a Pakistani cement manufacturer based in Islamabad. It is a subsidiary of British conglomerate Bestway Group.
The Stowmarket Guncotton Company was an explosives company established in the 19th century by Messrs Prentice that operated a gun-cotton factory in Stowmarket, Suffolk, England. The factory was the scene of an explosion in 1871 that claimed the lives of 28 people.