News Agency - Detail

Pars Petchem Plant Sets New Records in Profitability, Sales, Operating Income

Pars Petchem Plant Sets New Records in Profitability, Sales, Operating Income
(Tuesday, July 18, 2023) 22:15

TEHRAN (NIPNA) -- Pars Petrochemical Company achieved unprecedented sales performance in the fiscal year 1401 (which ended on March 20, 2023), with a 14% growth, reaching sales of 51,592 billion Tomans, a record-breaking figure for the company.

According to the Persian Gulf Petrochemical Industries Company (PGPIC), the annual general meeting of Pars Petrochemical Company was held in Kangan on Wednesday where Fereydoun Amiri, the Financial Director of Pars Petrochemical, presented a report on the company's performance and plans.

During the meeting, Amiri stated, "Although Pars Petrochemical faced several challenges, mostly stemming from sanctions, the most complex major repairs in the ethylbenzene unit and styrene monomer unit extended beyond the scheduled timeline. However, the overall sales of the complex were only affected by 3%, and in the first week of Dey month in 1401, the styrene monomer unit achieved 100% production with the highest purity."

Regarding the production decline, the Financial Director of Pars Petrochemical explained, "The 55% decrease in production was mainly due to external factors, including feedstock limitations and overhauls in the ethylbenzene unit."

Amiri also announced an increase of 14% in the sales quantity of propane, 21% in pentane plus, and 2% in butane, resulting in a respective 45%, 40%, and 31% increase in their sales value in Iranian Rials.

Email is required
Characters left: 500
Comment is required