Lotte intends to close UK PTA plant, pending consultation

04 December 2013 09:47 Source:ICIS News

LONDON (ICIS)--Lotte Chemical UK intends to close its purified terephthalic acid (PTA) plant in Wilton, the UK, because of poor economics, a company source said on Wednesday.

The closure is subject to consultation with employees affected by the decision.

The 500,000 tonne/year plant is currently operational.

Lotte Chemical UK is in the final stages of constructing a 200,000 tonne/year downstream polyethylene terephthalate (PET) plant in Teeside, the UK.

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By Caroline Murray