Lotte Pakistan PTA Ltd. (LOTPTA), a producer of pure terephthalic acid (PTA), is upgrading its plant to trim costs.
Lotte Pakistan PTA Ltd. (LOTPTA), a producer of pure terephthalic acid (PTA), is upgrading its plant to trim costs. LOTPTA Chief Executive Officer #
LOTPTA Chief Executive Officer Asif Saad said the company launched commercial operations of a US$ 50 million power plant in July this year, and it is now planning to upgrade its machinery, Bloomberg reported.
Lotte Pakistan PTA Ltd. (LOTPTA), a producer of pure terephthalic acid (PTA), is upgrading its plant to trim costs. LOTPTA Chief Executive Officer #
Following modernization, the power plant is would reduce the company’s energy costs to half, Mr. Asif said.
Lotte Pakistan PTA Ltd. (LOTPTA), a producer of pure terephthalic acid (PTA), is upgrading its plant to trim costs. LOTPTA Chief Executive Officer #
Consolidated net earnings of LOTPTA, a subsidiary of South Korea based Lotte Group, declined to Pk Rs. 47.4 million or US$ 495,000 in third quarter of the current year, registering a year-on-year fall of 95 percent.
Lotte Pakistan PTA Ltd. (LOTPTA), a producer of pure terephthalic acid (PTA), is upgrading its plant to trim costs. LOTPTA Chief Executive Officer #
For the nine months ended September 30, 2012, the company registered a net loss of Rs. 247 million, compared with Rs. 4.6 billion profit registered during the same period last year.
Lotte Pakistan PTA Ltd. (LOTPTA), a producer of pure terephthalic acid (PTA), is upgrading its plant to trim costs. LOTPTA Chief Executive Officer #
Mr. Saad said 2012 has not proved to be a good year for the company, but one has to accept that PTA is a cyclical commodity business and they are currently passing through a down cycle.
Lotte Pakistan PTA Ltd. (LOTPTA), a producer of pure terephthalic acid (PTA), is upgrading its plant to trim costs. LOTPTA Chief Executive Officer #
PTA produced by the LOTPTA is used to produce polyester staple fibre, which finds utility in production of clothes.
Lotte Pakistan PTA Ltd. (LOTPTA), a producer of pure terephthalic acid (PTA), is upgrading its plant to trim costs. LOTPTA Chief Executive Officer #
Fibre2fashion News Desk - India