Adel Nejad-Salim said based on the planning, four petrochemical complexes which were among losing companies last year have become profitable this year and are in a suitable condition.
He said increase in profit and improvement of capitals is the first priority of the company, adding that efforts are being made to strengthen the Persian Gulf Holding brand with an aim of promoting its shares.
Nejad-Salim said shares of the company as the largest existing holding are highly important in the stock market and that its shares in Tehran stock market are very valuable with regard to the power of the petrochemical companies.
He said petrochemical complexes enjoy specific importance in the capital market due to their production nature and the effective role they play in economic development of the country as such that their share are always defendable.
“The Persian Gulf Petrochemical Industry as the largest company present in the capital market of Iran monitors all the activities and performance of subsidiary companies and has transparent supervision over their production and supply.”
According to the public relations of the National Iranian Petrochemical Company, the sale value of products of the company amounts to $12 billion per year and sustainable development requires numerous infrastructures; the Persian Gulf Holding feels itself responsible to comply with all the requirements and regulations.
NS/1664
Persian Gulf Holding, 2nd largest petrochemical company in Mideast
Nov 6, 2014, 7:26 PM
News ID:
81376580
Tehran, Nov 6, IRNA – Managing Director of the Persian Gulf Holding said the company is the second largest petrochemical company in the Middle East with a value of 3500 billion rials.
