Paranthan Chemicals witnesses stronger growth trajectory

Paranthan Chemicals Company Ltd. being a fully State-owned company functioning under the purview of the Ministry of Industry and Commerce has witnessed remarkable achievements in the recent years, under the leadership provided by Industry and Commerce Minister Rishad Bathiudeen.

Paranthan Chemicals has already identified the potential of the local chemical industry and has drawn up a clear strategic road map envisioning to anchor its stance as the National Chemical Agency of Sri Lanka making greater contribution to the nation. 

In view of this, the company has taken an array of new initiatives, which have placed the company in the growth track. As a result, the foundation of its business is getting stronger and stronger with the promising business avenues.

The company has established private sector like business model and practices entrepreneurial business approach. The company also has strengthened its marketing arm implementing marketing strategies which is well aligned with the company’s core business operation. It has also inculcated the culture where the customers are placed at the heart of the business enabling the company to add value to local industries and chemical traders.

The company also witnesses the growing customer demand for chemicals in the recent years. It has achieved significant sales growth on non-chlorine product category particularly on caustic soda and also has commenced operation of its newly established caustic liquid production unit as value addition, making caustic soda liquid readily available to the manufacturing industries. 

In order to meet the high demand of the customers, it has already expanded its storage facility in Kalutara, Nagoda Industrial Zone and has also planned to establish a new warehouse in the year 2018 to further expand its product range.

Paranthan Chemicals being the sole supplier of chlorine has recently established a warehouse and refilling unit in Wagawatta, Horana with international chemical quality and safety standards which could accommodate adequate amount of chlorine to readily meet the national demand of water purification and thereby to ensure water safety in Sri Lanka. The company being the State-owned enterprise follows industrial friendly policies in terms of pricing of chemicals, distribution and maintaining the standard quality and improved value additions to support the local industries as these chemicals are used mainly as raw material in their manufacturing operation targeting the local market to world market.

Paranthan Chemicals not only focuses on its business performance but also invests on capacity building such as training and development of employees, enhancement of company image, process improvements, strengthening research and development to transform the company more futuristic. 

A price worthy feature in the organisation is the significant improvement of the corporate governance, transparency and integrity in its business operations. With these efforts, the financial performance also has raised whereas the company as the self-financing organisation contributes dividends to General Treasury annually.

The company pays greater emphasis in re-establishing the caustic soda and chlorine factory in Paranthan and a higher level committee has been appointed by the Government for the accomplishment of this task. Once it is established, Sri Lanka could become self-sufficient in chlorine required for water purification and also prosper local salt industry as the salt is the main raw material in chemical manufacturing. This would also expect to prosper many other local industries and decorate the local chemical fraternity.

As the company is operating with chemicals, it also emphasises on safety first practices and also train customers on chemical usage and safe handling of chemicals by the company’s engineering team and wishes to be partner in the National Disaster Management Plan.

Considering the potential risk in handling of chemicals, the company has developed and introduced the Emergency Safety Kits to ensure protection of people, property and environment during an emergency situation. 

Interestingly, Paranthan Chemicals not only meets the local demand for chlorine required for water purification but also supplies caustic soda required for soap manufacturing through which the company creates better hygienic conditions in the country.

With the supply of chemicals used in key industries such as water purification, soap and detergent manufacturing, textiles, sugar and food industries, rubber manufacturing, petroleum power and energy, Paranthan Chemicals reaches the life of every Sri Lankan creating quality living standards in the country.

Since Paranthan Chemicals takes incremental but firm steps to develop the organisation to the next higher level with the positive changes being undertaken, the company is certain about its success.