According to the company, a report published by the ICIS
Institute, which reviews the companies' 2019 performance, states that the sales
of the world's top 100 chemical companies have fallen by 4.9 percent in the
year due to increased market competition and excess production capacity compared
to the previous year.
Moreover, the sales have fallen by 10 percent for 34 companies,
the reports said, adding their margin of profits had reduced dramatically compared
to 2018.
On the other hand, 10 of the top 100 companies in 2018 have reported
net losses in 2019.
The performance of PGPIC as the only Iranian company in this
list, has been outstanding compared to the average performance of the top 100
companies in 2019, and its profit reduction percentage is much better than the
average list and its regional competitor SABIC.
PGPIC is also ranked second in the investment cost index for
the second year in a row, after BASF, which shows continuous investment in
order to maintain and develop its competitive advantage in global markets.
Moreover, in terms of R&D cost growth percentage and asset
growth rate, the company is among the top 15 companies in 2019, which will lead
to increased production and sales in the coming years.
PGPIC rankings for 2015, 2016, 2017 and 2018, respectively, stood
at 34, 44, 38 and 35, despite maximum pressure from the US to restrict the
activities of the petrochemical industry in Iran and without access to
international funding.