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PGPIC Climbs 3 Steps in ICIS World Rankings amid Tough Sanctions

PGPIC Climbs 3 Steps in ICIS World Rankings amid Tough Sanctions
(Monday, September 20, 2021) 16:43

TEHRAN (NIPNA) – The Persian Gulf Petrochemical Industries Company (PGPIC) was able to rank 37th among 100 chemical and petrochemical companies in the world with three upgrades in the ICIS list of top chemical companies, while the country has been badly hit by the sanctions and the Corona pandemic.

According to the PGPIC public relations office, in this assessment, which is based on sales data for 2020, PGPIC managed to sell 8.425 billion dollars’ worth of products and its operating profits increased by 44.1% to $3.134 billion. Also, the company's investment in research and development has increased by 6% compared to 2019.

The Persian Gulf Petrochemical Industries Company has achieved this success while the vast majority of companies in the world and the region in this classification have suffered a significant drop in sales due to the conditions caused by the coronavirus pandemic.

It is worth mentioning that PGPIC’s ranking in ICIS ranking in 2019 was 40th among the top 100 companies in the world.

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