Lotte Chemical suspends plant operations amid Covid-19 lockdown

The Lotte Chemical Pakistan Limited (LOTCHEM) has temporarily suspended its plant operations until further notice, informed the company in a statement to the Pakistan Stock Exchange on Monday. 

The decision was taken in the backdrop of reduced demand for Purified Terephthalic Acid (PTA) as a result of ongoing lockdown to contain the outbreak of coronavirus (COVID-19) pandemic.