Lotte Chemical Pakistan changes name to Noventra Limited

Lotte Chemical Pakistan Limited, a company formerly known as LOTCHEM, has undergone a name change to Noventra Limited effective October 5. The Securities and Exchange Commission of Pakistan (SECP) approved this change, issuing a certificate of incorporation that reflects the transition. The company's website will now be accessible at www.noventra.ltd.

This name change is contingent upon the company's continued use of both names for a period of ninety days post-certification on all business-related materials and communications. Lotte Chemical Pakistan has a history dating back to 1998, initially developed by ICI and subsequently acquired by the Lotte Group. The company specializes in producing Purified Terephthalic Acid (PTA), a crucial ingredient in manufacturing various polyester products.

Lotte Chemical Corporation, a South Korean entity, held a majority stake of 75% in LOTCHEM until January 2023, when it decided to sell its shares for over $155 million. The acquisition by PTA Global Holding Limited, a joint venture between Montage Commodities FZCO and Asia Pak Investments, finalized on November 12, 2025, marking the end of Lotte Chemical Corporation's involvement in the company.

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