Lotte Chemical Pakistan Limited (PSX: LOTCHEM) has announced an extension of its plant operations suspension until December 22, 2024. according to the notification to the Pakistan Stock Exchange (PSX).
The company had initially notified a temporary shutdown of its plant from November 16 to December 15, 2024. However, in a recent update, the management has decided to continue the suspension for an additional week.
According to the company, the shutdown is part of a planned effort to optimize inventory levels and carry out essential maintenance work.
Lotte Chemical Pakistan is primarily engaged in the manufacturing and sale of Pure Terephthalic Acid (PTA), a key raw material used in the production of polyester fibers, films, and resins.
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.