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China Increases Investments in Iran, Establishing Petchem Hub in Western Asia

China Increases Investments in Iran, Establishing Petchem Hub in Western Asia
(Tuesday, September 19, 2023) 11:12

TEHRAN (NIPNA) -- On Monday, September 19, 2023, a prominent figure in the Chinese polymer industry hailed Iran as a pivotal center for petrochemicals and polymers in Western Asia while announcing an expansion in investments within the country.

During an interview with NIPNA at the 17th Iranplast International Exhibition, the Chinese polymer industry representative expressed delight in being present in Iran, especially at the Iranplast exhibition, stating, "Our organization has been formally engaged in polymer, plastics, and related activities in Beijing since 15 years ago."

The representative spoke positively about their initial collaborations with Iranian companies, emphasizing, "We hope that this positive trend continues in the coming years because Iran, as a hub for petrochemicals in Western Asia, possesses immense potential."

Highlighting the potential for future investments in Iran, the polymer industry expert added, "We aspire to make positive investments in Iran, with the aim of expanding our customer base in this country."

The 17th Iranplast International Exhibition, which commenced on Sunday, September 17, 2023, will continue for four days until September 20, 2023, at the Tehran Permanent International Fairgrounds.

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