South Korean Lotte Group Planning Further Investment in its Purified Terephthalic Acid Plant at Port Qasim

South Korea's Lotte Group is planning to make further investment in its Purified Terephthalic Acid (PTA) plant at Port Qasim in Karachi.

"We want to invest for a new PTA plant at the same site at Port Qasim,” said Lotte Pakistan PTA Limited Executive Director Jung Neon Kim.

“We expect positive and favourable response from Pakistan government in order to make further investment as well as expansion. We are focussing on Sindh and Punjab provinces in hydro engineering and hydro power projects construction for supply to Pakistani industry," he added.

We are looking for consistent government policy and expect more incentives for foreign investment in Pakistan.