Lotte Chemical Pakistan | Rs19.7 Billion Engro Polymer Deal

Lotte Chemical Pakistan has announced a major development in Pakistan’s chemical industry through an agreement to acquire a 56.19% stake in Engro Polymer & Chemicals Limited (EPCL) for approximately Rs19.7 billion.

The agreement, announced on September 1, 2026, represents an important step towards expanding industrial investment, strengthening manufacturing capabilities and creating new opportunities in Pakistan’s petrochemical sector.

PIBF Congratulates Dr. Imtiaz Ahmad

The Pak International Business Forum (PIBF) congratulates Dr. Imtiaz Ahmad, Chairman of Lotte Chemical Pakistan, on this significant business milestone.

The proposed acquisition reflects the company’s plans to strengthen its industrial presence and develop a more diversified petrochemical business.

PIBF recognizes the importance of business leadership, strategic investment and industrial development in supporting Pakistan’s economic future.

Strengthening Pakistan’s Chemical Industry

Under the agreement, Lotte Chemical Pakistan will acquire Engro Corporation’s 56.19% shareholding in Engro Polymer & Chemicals Limited.

The transaction is valued at approximately Rs19.7 billion, equivalent to Rs38.60 per share.

The proposed combination could bring together important manufacturing capabilities in purified terephthalic acid (PTA), polyvinyl chloride (PVC) and other chemical products.

The transaction remains subject to applicable regulatory approvals and other completion requirements.

PIBF Statement: Supporting Industrial Growth

PIBF believes that strategic industrial investments can contribute to Pakistan’s manufacturing development and create opportunities for businesses across the country.

Key areas of importance include:

• Industrial Investment: Encouraging investment in Pakistan’s manufacturing sector.
• Local Manufacturing: Supporting domestic production and industrial capabilities.
• Business Opportunities: Strengthening connections between manufacturers, suppliers and entrepreneurs.
• Economic Development: Encouraging sustainable growth and industrial competitiveness.
• Employment Opportunities: Supporting conditions for long-term business expansion and job creation.

Building a Stronger District Economy

Under its District Economy pillar, PIBF emphasizes the importance of industrial development, business collaboration and stronger local supply chains.

Major manufacturing investments can support related industries, create opportunities for SMEs and contribute to regional economic activity.

PIBF congratulates Dr. Imtiaz Ahmad and wishes Lotte Chemical Pakistan continued success in its industrial development initiatives.

Pillar: District Economy

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References: Engro Corporation — Share Purchase Agreement Announcement, September 1, 2026; Lotte Chemical Pakistan — Official Announcement; Profit by Pakistan Today.

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Disclaimer: This article is shared by PIBF for informational and awareness purposes only. Information is based on publicly available sources and shared in good faith. PIBF does not claim ownership of third-party content and does not necessarily endorse the views expressed therein. Readers are encouraged to verify information through official sources. This article does not constitute financial or investment advice.