Islamabad, Apr 3, 2025: Lotte Chemical Pakistan Limited (PSX: LOTCHEM) has opted to prolong the suspension of its plant operations until April 17, the company announced in a statement to the stock exchange on Thursday.
In its latest filing, the company stated, “To optimize inventory management, plant operations will remain halted from March 28, 2025, to April 17, 2025.”
Lotte Chemical Pakistan is primarily engaged in the production and distribution of Pure Terephthalic Acid (PTA), a key raw material used in the polyester industry.
The decision to extend the plant’s shutdown aligns with the company’s strategy to streamline inventory levels and maintain operational efficiency.
Industry analysts believe that such temporary halts are common in the chemical sector, particularly when supply chain adjustments are necessary.
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Despite the pause in production, the company is expected to resume operations as scheduled, ensuring minimal disruption to its supply commitments.
Lotte Chemical Pakistan plays a crucial role in the country’s industrial sector by supplying PTA, which is essential for manufacturing polyester fibers, resins, and films.
The company remains committed to maintaining a stable supply chain while adapting to market conditions.
Investors and stakeholders will be closely monitoring developments regarding the plant’s reopening and its impact on the company’s financial performance.
Meanwhile, the stock market is expected to react to this announcement as the company continues to navigate operational challenges.
Stay updated for further announcements regarding Lotte Chemical Pakistan’s operational plans and market performance.
