Lotte Chemical UK Ltd (LCUK) was formed in early 2010 when Lotte Chemical Corporation purchased the business at Wilton, formerly belonging to Artenius UK Ltd / La Seda de Barcelona, Dupont & ICI. LCUK is the only UK manufacturer of Polyethylene Terephthalate resin (PET) for use in bottles, containers, films, trays and other forms of packaging. In 2011 it announced the expansion of its Wilton asset base with addition of a new 200kt pa PET plant, which was commissioned and operational in 2014. Lotte Chemical Corporation is part of the Lotte Group, one of the leading conglomerates in South Korea. It operates in food, drink, super and hypermarkets, luxury retail, shopping, entertainment, banking as well as petrochemicals.