Korean firm expects polyester boost in Pakistan - sportstextiles: Lea SportsTextiles

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Korean firm expects polyester boost in Pakistan

27/06/2011
A South Korean manufacturer of purified terephthalic acid (PTA), Lotte, has said it plans to invest up to $500 million in Pakistan developing its production facilities in Pakistan.

PTA is a key ingredient in the manufacture of synthetic yarns and fibres, especially polyester. Lotte’s existing production in Pakistan has an output of around 500,000 tonnes a year but reports suggest the company is aiming to double this in expectation of demand from textile manufacturers in Pakistan.

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