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Lotte Group to invest in Pakistan plant
5 March 2011: A unit of South Korea's Lotte Group plans to spend $400 million (approx Rs 1,800 crore) to expand its petrochemical plant in Pakistan in the second half of this year at the earliest.
Under the investment plan, KP Chemical Corp will increase annual production of purified terephthalic acid (PTA) at its Karachi factory to 1.5 million tonne, from the current 5,00,000 tonne.
Source: Business Recorder