LOTTE CHEMICAL PAKISTAN LIMITED ANNUAL REPORT 2021
Table of Contents
About Us 02
Mission 04
Vision 05
Key Strategic Objectives 06
Code of Conduct 07
Management Principles 08
Core Values 09
About LOTTE 10
About LOTTE Chemical Corporation 11
Stakeholders Information
Company Information 14
Chief Executive's Message 15
SWOT Analysis 16
Awards & Accreditations 17
Financial Calendar 18
Share Price Analysis 19
Pattern of Shareholding 20
Corporate Governance
Board of Directors 26
Board Committees 28
Executive Management Team 29
Management Committees 30
Organisational Structure 31
Corporate Governance & Compliance 32
Business Risks & Challenges 37
Business Review
Chairman's Review Report 40
Directors' Report 41
Statement of Compliance 47 Review Report to the Members
on Statement of Compliance 49
Functional & Operational Excellence
Human Resources (HR) 52
Information Technology (IT) 55
Manufacturing Excellence 57
Technical Training Centre (TTC) 60
Total Productive Management (TPM) 61
Health, Safety and Environment 62
Energy Conservation 66
Environmental Protection 66
Societal Responsibility 68
Labour Relations 70
Product Stewardship 70
Economic Contribution 71
Financial Summary
Statement of Value Addition Statement of Charity Account
Key Operational and Financial Data Vertical Analysis
Horizontal Analysis Graphical Presentation DuPont Chart Analysis
Variation Analysis in Quarterly Results
Financial Statements
Auditors' Report to the Members Statement of Financial Position Statement of Profit or Loss Statement of Comprehensive Income Statement of Changes in Equity Statement of Cash Flows
Notes to the Financial Statements Glossary
Notice of Annual General Meeting ہ庠 ᱑ 㥃زɏ废اڈ
Ǘ ǎ
Form of Proxy (مر㖵 㩴ا࿀)
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01
About Us
Lotte Chemical Pakistan Limited (LCPL) is the only world-class manufacturer and supplier of Purified Terephthalic Acid (PTA) in Pakistan. The Company has the capacity to produce 520,000 tonnes of PTA annualy through its state-of-the-art plant located at
Port Qasim, Karachi.
Purified Terephthalic Acid (PTA)
LCPL holds the foundation of the polyester chain in Pakistan and retains its edge by being a local PTA manufacturer and major supplier for the domestic Polyester and PET industries. We maintain major share of the domestic market, and remain the supplier of
choice based on our short delivery time, consistent quality and excellent customer service.
For producing PTA we import our feedstock (Paraxylene) from reputable suppliers based in Asia and Middle-East region. Our plant operates under a technology license with IPT (Invista Performance Technologies) which is currently the leading global supplier of PTA technology.
KPK
Our Customers
Sheikhupura
Faisalabad LahoreHub
Karachi
Our Customers
Since its inception, the Company has focused on meeting Pakistan's PTA demand. However, if domestic demand slows down, the Company is well placed to export to other countries. Our product meets all international quality standards and is well accepted by Customers in Asia and Middle-East region. Our domestic Customers are located across Pakistan.
Lotte Chemical Plant at Port Qasim
LCPL
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Lotte Chemical Pakistan Ltd. published this content on 28 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2022 04:40:02 UTC.
