Panama Petrochem Ltd, established on March 9, 1982, is a prominent manufacturer and exporter of specialty petroleum products under the brand 'PANOL.' The company's diverse product portfolio serves various industries, including printing, textiles, rubber, pharmaceuticals, cosmetics, power, and industrial oils. Operating from five manufacturing facilities located in Ankleshwar, Daman, Marol, Taloja, and Dahej, Panama Petrochem is known for products like mineral oils, liquid paraffins, transformer oils, and petroleum jellies.
The company has expanded its capabilities significantly since a public issue in 1995, and maintains a technical collaboration with Germany's Lubcon Lubricant Consult to innovate in product development. It has also partnered with PETRONAS for automotive lubricants distribution in Western India. Panama Petrochem's strategic growth includes a merger with Mobil Petrochem Pvt. Ltd. and establishing a wholly-owned subsidiary, Panol Industries RMZ FZE, in the UAE, reflecting its global expansion ambitions and robust operational infrastructure.
