Speaking at the company’s annual general meeting, held at the
Petrochemical Industries Investment Company conference hall, CEO Hamed Mosineh
Asl said the company achieved a 125% increase in overall production and a 126%
jump in sales compared to the previous fiscal year.
“The company’s operating revenue surged by 181%, and operating profit
reached 10.8 trillion rials ($214 million), more than triple the previous
year’s figure,” Mosineh Asl said. He attributed the growth to “smart management
strategies and sustainable development of production and sales processes.”
Faravard Qeshm, based in Iran’s Qeshm Free Zone, specializes in the
production of multilayer polyethylene films including FFS (Form-Fill-Seal) and
shrink wrap. The company is a subsidiary of the Petrochemical Industries
Investment Company (PIIC), which is part of the Social Security Investment
Company (SSIC, known locally as Shasta).
The CEO emphasized efforts to improve efficiency and environmental
sustainability, including waste reduction and reintegration of materials into
the production cycle to support circular economy practices.
He also outlined the company’s human resource development initiatives,
such as converting temporary contracts to formal employment, issuing fuel
benefit cards (PetroCards) for staff, and launching employee engagement
programs. These included Ramadan gatherings, performance-based bonuses, and
incentives for marriage and childbirth, he said.
Founded in 1995, Faravard Qeshm was established to promote public
participation in Iran’s petrochemical sector. Its main shareholders are PIIC
and Gazluleh Manufacturing Co., both affiliated with SSIC.
The company’s achievements, Mosineh Asl said, demonstrate that “with
intelligent investment and precise planning, development can be accelerated
even amid economic challenges,” reinforcing the government’s 2025 motto of
“Investment for Production.”