Panama Petrochem Limited Approves Re-Designation of Samir Rayani as the Managing Director and Chief Executive Officer

Panama Petrochem Limited is an India-based company engaged in the manufacture of specialty petroleum products for diverse user industries, such as printing, textiles, rubber, pharmaceuticals, cosmetics, power and other industrial oil. The Company’s diverse range of products includes white oil/liquid paraffin oil, petroleum jelly, transformer oil, ink and coating oils, rubber process oil, industrial oils and greases, automotive oils, drilling fluids, waxes and other petroleum specialty products. Its wax products include fully refined paraffin wax, semi-refined paraffin wax, slack wax, micro wax and others. Its geographical segments include Domestic and Overseas. It has four manufacturing units in India and are located at Ankleshwar (Gujarat), Daman (Union Territory), Daman (Gujarat) and Taloja (Dist. Raigadh). The Company exports its products to the United States, the United Kingdom, Europe, Middle East, Australia, African Sub-continent and South East Asia.