Earnings of Lotte PTA Pakistan (LOTPTA), supplier of over 60% of Pakistan’s Purified Terephthalic Acid (PTA), are expected plunge by 25-50%. The company’s protection will be reduced from US$64/ton to US$25/ton, as per The Express Tribune.
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Monday, July 26, 2010
Lotte PTA Pakistan’s earnings could halve on import duty reduction on PTA
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