Panama Petrochem Limited was incorporated on March 9, 1982. The Company manufactures speciality petroleum products under the brand name 'PANOL', for diverse user industries like printing, textiles, rubber, Pharmaceuticals, cosmetics, power and various industrial oil. It has manufacturing facilities at four plants namely, in Ankleshwar (Gujarat), Daman (Union Territory), Taloja (Raigadh, Maharashtra) and Dahej (Bharuch, Gujarat).
The Company is one of the leading manufacturers and exporters for various kinds of Petroleum specialties. The Company's diverse range of products include Mineral Oils, Liquid Paraffins, Transformer Oils, Petroleum Jellies, Ink Oils and Other Petroleum Specialty Products. It manufactures petroleum speciality products like agricultural spray oil, dewatering fluid, white oil, transformer oil and liquid paraffin.
In Jan.'95, the company came out with a public issue to expand the capacity by nearly four times and to add value added products like liquid paraffin heavy (I P), petroleum jelly and greases.
The company has a technical collaboration with Lubcon Lubricant Consult, Germany, for developing and marketing new products. In 1995-96, the company introduced petroleum sulphonate and other speciality oils.
During 2000-01,turnover of the company ha...