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Brazilian Chemical Company to Establish Representative Office in Iran

Brazilian Chemical Company to Establish Representative Office in Iran
(Wednesday, May 3, 2023) 11:43

TEHRAN (NIPNA) -- The Chairman of the Board of Directors of PGG Brazilian Chemical Company, Magno Moreira, has announced the company's readiness to establish an official representative office in Iran.

Speaking at the specialized meeting "Petrochemical: Marketing and Downstream Applications" at the 14th Iran Petrochemical Forum (IPF), Moreira highlighted that the office would aim to facilitate investment and agricultural activities between Iranian and Brazilian companies.

During his visit to Iran, Moreira met with large companies and visited free zones, saying that PGG is interested in establishing a representative office in the Middle East in Iran. The company has subsidiaries in Uruguay, and Moreira expressed interest in having Iranian companies actively present in the Brazilian market, and establishing joint cooperation between the two countries.

PGG has been active for ten years and started its activities in cooperation with Samsung, working closely with Korean companies to be present in the Brazilian market. The company is interested in importing urea fertilizer to Brazil, considering the expansion of the agricultural industry in Brazil. Moreira emphasized that 97% of Brazil's need for urea fertilizer is met through imports, and in 2022, Brazil's urea import is expected to reach eight million tons.

Moreira stated that the establishment of the representative office in Iran would contribute to the development of bilateral cooperation between the two countries, and PGG is ready to negotiate with Iranian companies to import urea and develop cooperation.

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