Artenius jobs return as plant is rescued
Who is Lotte?
Lotte is one of the biggest and best known groups in Asia with interests across a diverse range of industries.
With a US $49bn turnover it comes in fourth behind heavyweight Samsung in Korea’s corporate stakes and has ambitions to become as well known in the West.
It already owns or operates the licence for major brands including Krispy Kreme Doughnuts, TGI Friday’s and ToysRUs.
But among the UK process sector it is recognised through its KP Chemicals division as a major producer of PTA and PET.
Founded as a confectionery company in 1967, Lotte moved into hotel, retail, construction and finally the petrochemical sector, which it sees as a major driver of growth.
Turnover in that division alone is predicted to reach $40bn over the next eight years.