Pacific Drilling Company Limited was incorporated on the 13th December 1983 as a private limited liability company to engage in the business of procuring potable water via the drilling of boreholes and water treatment activities.
The company handled all water supply related problems from geophysical surveys through water treatment to the connection of the water supply system itself. With a client base which consisted of Federal, State and Local Governments, companies and private individuals, Pacific Drilling was able to deliver its highly professional services through its experienced borehole engineers, hydro-geologists and technicians.
As part of Pacific Holdings’ repositioning strategy, Pacific Drilling Company Limited was wound down to pave the way for other business prospects.
Pacific Farms Limited
Pacific Farms Limited was the second oldest company in Pacific Holdings’ history having had its incorporation with the Corporate Affairs Commission on the 16th September 1986.
Having started out as a purely mechanized farming business, Pacific Farms spotted an opportunity in the industry for the importation and supply of sophisticated farming equipments including materials such as High-Tensile Reinforcing Bars, Mild Steel Bars, and Coils. With strategic operational bases in Lagos, Port-Harcourt, and Onitsha, in addition to having strong partnerships with some of Europe’s most respected manufacturers of steel products, Pacific Farms was privileged to account for approximately 75% of the importation market for these materials into Nigeria at a point.
Pacific Farms Limited was also included in the restructuring exercise carried out by the company.
Intertrade Warehousing Limited
Intertrade Warehousing Limited was incorporated in December 1989 to engage in the business of providing warehousing facilities.
With its well-located warehousing facilities in Lagos, Port-Harcourt, Onitsha and Abuja, the company’s facilities had the opportunity to serve other subsidiaries under the Pacific group of companies, as well as external clients which included importers/exporters of commodities during the period in which it was in business.
Junior Ventures Limited
Junior Ventures Limited was a manufacturer of Poly-propylene woven sacks which was incorporated in March 1990 with its factory located in Ede, Osun State, Nigeria.
The company’s factory was built over a period of 6 years and full operations commenced in 1996 with a production line for which consisted of 25 Circular Looms Weaving Plant, Extruding Plant, Mixing/ Dying Plant, Recycle, Film bagging plant among others.
Whilst the Junior Ventures leveraged on its relationship with its South Korean and Chinese technical partners who installed the facilities, the company sourced 97% of its primary materials (i.e. poly-propylene granules ) locally in line with the Pacific Holdings’ core value of supporting Nigerian-owned enterprises and building local capacity.
For the period in which the business was in operation before its closure, the factory had an installed production capacity of 10,000,000 woven sacks per annum and had supply contracts with clients including Cement Manufacturers, Animal Feeds Producers, Fertilizer Manufacturers, Solid Mineral Mining Companies, Sugar Producers, and Salt Producers.
Pacific Freightliners Limited
Pacific Freightliners Limited was incorporated on the 24th of March 1993. The company’s corporate objectives at its inception was and continues to be the provision of prompt and efficient cargo freight services to organizations at competitive prices and terms.
The company commenced business operation in its year incorporation with an initial fleet of 50 Flatbed trailers/trucks. During the first six months of operation, the company was able to gain a foothold in the freight haulage market as it secured profitable freight haulage contracts from prominent companies including the likes of Saima Nigeria Limited, Nigerian Bottling Company Plc, and many more. The company operates from bases in Lagos and Port Harcourt while it freights cargo to destinations all over the country. The company maintains its competitive edge via its highly experienced members of staff as well as the maintenance culture at its service/repair workshop located in Oregun, Lagos.
In line with the company’s aggressive pursuit of increasing its market share and to position itself as a major player in the freight haulage sector, the company has expanded its fleet through the acquisition of 250 additional flatbed trailers/trucks and also increased its staff strength to 350 personnel thereby making it a formidable business concern and an important entity in Pacific Holdings’ portfolio of companies till date.
Pacific Gas Company Limited
Pacific Gas Company Limited was incorporated on the 4th of October 1995 as a precursor to Pacific Holdings’ ambitious plans to venture into the lucrative energy and power
The company which was engaged in the bottling and distribution of Liquefied Petroleum Gas for domestic and industrial consumers. Under its supply arrangement with the Nigerian Gas Company (NGC), Pacific Gas Company Limited sourced its products from the NGC’s depot in Apapa as well as from the NNPC’s refineries in Warri, Kaduna and Port-Harcourt.
Pacific Gas Company operated with a fleet of tankers/trucks with minimum capacities to carry approximately 45,000 litres of LPG, in addition to the company’s static storage
capacity for around 200,000 litres of LPG which were served out or bottled through strategically located filling pumps and filling points to clients including Philips, Cadbury Plc, Neimeth Pharmaceuticals Plc, AD Gas, and 21st Century Gas Company to name but a few.
Although no longer in Pacific Holdings’ current portfolio of companies, Pacific Gas Company Limited played an important role in introducing the Group to the energy sector
and eventually the power sector via the creation of Pacific Energy Company Limited