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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 Ports Authority.

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