Lotte Chemical Extends Shutdown, Impacting Supply Chain

LOTTE Chemical Pakistan Limited (LOTCHEM) has extended the shutdown of its plant due to unforeseen technical issues encountered during maintenance. The plant, which was initially scheduled to resume operations on March 31, 2025, is now expected to remain closed until April 15, 2025. This extension may impact the company’s production schedules and financial performance. LOTCHEM has assured stakeholders that they are working diligently to resolve the issues and resume operations as soon as possible.

Lotte Chemical Pakistan Limited (PSX: LOTCHEM) has announced an extension of its plant shutdown, keeping operations suspended until April 17, 2025 in order to efficiently manage its inventory.

Lotte Chemical Pakistan has extended its plant shutdown for inventory management, likely due to oversupply or reduced demand. This move may disrupt the supply chain for PTA-dependent industries, such as polyester fiber and textiles, forcing them to seek alternatives. The shutdown could impact the company’s financial performance and stock price, with investors closely monitoring developments. In a broader industry context, the move may help stabilize PTA prices amid global market fluctuations.