NewsFlashAPIC ’12: Lotte puts Pakistan PTA expansion on hold
18 May 2012 04:55 [Source: ICIS news]
KUALA LUMPUR (ICIS)--Lotte Pakistan PTA (Lotte PPTA) has put on hold a plans to build a $500m world-scale purified terephthalic acid (PTA) plant after failing to secure the Pakistani government’s support in terms of higher import tariffs as protection for the domestic industry, a company executive said on Friday.
“At this time we are disengaged,” Lotte PPTA CEO Asif Saad told ICIS in an interview.
By: Tahir Ikram
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