Business Across Borders 2021

26 Experts’ Views Business Across Borders 2021 Panama Petrochem Limited Amirali E. Rayani Chairman Kindly take us through the Panama Petrochem Limited’s journey and some of its key milestones. Panama Petrochem Limited was established in 1982 and today we are one of the leading manufacturers and exporters of Petroleum Specialty products in the world. We are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). We have four manufacturing units in India with a state of art technology and facilities, located at Ankleshwar (Gujarat), Daman (Union Territory), Daman (Gujarat) and Taloja (Dist. Raigadh). The plant at Dahej is a fully computerized plant built on DCS/ PLC systems to meet international quality and manufacturing standards. Ankleshwar plant has a fully equipped and DSIR approved R&D Center. In our journey of over 38 years, we have catalyzed some of the major changes that have led to the emergence of the Company as one of the leading manufacturers and exporters of more than 80 variants of petroleum specialty products. During the course of attaining the peak in terms of top and bottom lines, the Company has achieved several milestones including; • Panama has become a debt free Company. • Panama Petrochem Limited has also unfolded its range of manufacturing facilities through establishment of Panol Industries RMC, FZE, a wholly owned subsidiary of the Company situated at Ras Al Khaimah, UAE. We cater to the Gulf Cooperation Council (GCC) and Middle East & North Africa (MENA) regions and we also have a logistic advantage as the Company is situated on the port and has direct dedicated pipeline arrangements. Key Milestones: • 1982: Plant established at Ankleshwar • 1994: Listed on BSE • 2003: Plant established at Daman • 2006: Certified Star Export House • 2008: Plant established at Taloja • 2010: Plant established at Dahej • 2010: R&D recognition from DSIR • 2011: Listed on NSE What are the key products and services that the Company offers? The Company’s diverse range of products include Mineral Oils, Liquid Paraffin’s, Transformer Oils, Petroleum Jellies, Ink Oils, Rubber Process oils, Automotive oils, textile Lubricants and other Petroleum Specialty Products. The Company develops customized products as per client specifications in the field of petroleum and also feeds to various industries like Printing Ink, Resin, Cosmetics, Rubber products, Pharmaceuticals, Engineering, and Chemicals including Petro Chemicals. Over the years, the Company has formed strong relations with its clientele, comprising of leading names across sectors. What are some of the Company’s key overseas markets? Which are some of the new markets you are targeting? By exploring international markets, Panama Petrochem Ltd. is exporting its various products to more than 75 countries world-wide, including, USA, South America, UK, Europe, Middle East, Australia, African Sub-continent and South East Asia etc. Having REACH compliant petroleum specialty finished products, particularly for Rubber, Inks and Resins, Cosmetics and Pharmaceuticals sectors, we are endeavoring to further expand and explore business opportunities to gain a foothold in various European countries and South East Asian countries. Furthermore, we are planning to increase our export sales to around 50% of our total production. Dun & Bradstreet