PGPIC Focused on Growth, Profit Generation

PGPIC Focused on Growth, Profit Generation
(Saturday, October 22, 2016) 16:46

TEHRAN (NIPNA) -- Managing Director of Persian Gulf Petrochemical Industries Company (PGPIC) said the company's chief strategies are focused on its sustainable growth and winning more profits.

 

Addressing a panel at the second oil and energy congress in Tehran, Adel Nejad Salim said the holding is the biggest private company in Iran's petrochemical sector, adding it started with 15 subsidiaries but is now governing over 100 direct and indirect companies.

He said the holding enjoys enough coffers to enter into investments with domestic and international companies.

He said growth and generation of more profits are two of the holding's main strategies. 

Nejad Salim further said that the company welcomes investment of foreign companies in its projects, adding PGPIC needs at least $6.2b for completion of its ongoing projects and $4b for engineering projects. 
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