Paranthan factory to be revived
The Paranthan Chemical Factory which was shut down due to terrorism
had presented a project report to the government to re-establish the
factory in the same location. They have estimated the cost of the
project at Rs. three billion.
Paranthan Chemicals stands on a 217 acres and the factory will be
established in the same location. Several foreign investors from
countries such as India, Ireland and Dubai have come forward to invest
in the chemical factory's reconstruction.
The factory management is ready to initiate the reconstruction
activities with one of these investors who agrees with the government's
conditions, Paranthan Chemicals Factory Chairman Nimal Abeysiri, said.
There is an annual need of 2,000 metric tons of Chlorine and 15,000
metric tons of Caustic Soda in Sri Lanka and the Paranthan Chemical
Factory aims to manufacture around 25 tons of Chlorine and Caustic Soda
per day after reopening the factory, he added.
Currently the chlorine is imported to meet the purification needs of
the Water Resources Board and this can be met by the Paranthan Chemical
Factory, the Chairman said.
According to State Resources and Enterprises Development Ministry
Secretary Dr. Willie Gamage there is no office facilities at the
Paranthan Chemical Factory and they are in a building belonging to the