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Lotte Chemical to Build Large PET Plant in the U.K.

2:03 AM MDT | October 7, 2011 | Natasha Alperowicz

Lotte Chemical U.K., a subsidiary of the Honam (Seoul) group, will invest in excess of £60 million ($92.7 million) to build an additional polyethylene terephthalate (PET) bottle resins plant at its Wilton, U.K. manufacturing complex. The company has already started early ground work and it will begin clearing the site in the next couple of weeks. Completion is scheduled for the third or fourth quarter of 2013.  The company is in the final stages of technology and engineering contractor selection.    WILTON: More to come The new facility will...

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