According to figures released at the meeting,
TPC’s product exports rose by 9% in volume and 15% in value year-on-year.
Combined with a 40% surge in domestic sales revenue and a 50% rise in export
revenue, the company’s total sales value grew by 42% over the year.
The meeting, chaired by Ebrahim Sadeghi of
Parsian Oil and Gas Development Group, was attended by major shareholders and
board members, including Tabriz Oil Refining CEO Seyed Reza Seyedrahmani. The
board reviewed the company’s performance and future development outlook.
CEO and Vice Chairman Seyed Norollah Mirashrafi
presented a detailed report, highlighting the company’s operational
achievements, including a 5% increase in saleable product output and record net
profit — the highest in the company’s history. Net profit more than tripled
compared to the previous year, driven by higher sales, cost management,
operational efficiency, and tax incentives.
Shareholders approved the distribution of 40% of
the net profit as dividends, signaling confidence in the company’s financial
stability and growth trajectory.
Efficiency Gains and Technical Advancements
TPC also reported significant progress in
resource efficiency, with energy consumption reduced by 23% and water usage by
18% by the end of the fiscal year. Despite a 47% increase in raw material and
feedstock costs, the company successfully contained financial pressure through
cost control measures, R&D tax incentives, and favorable tax settlements.
On the engineering front, TPC launched new
products including colored ABS and C5+, and manufactured 1,879 industrial
components in-house to enhance self-sufficiency and minimize production
downtime.
Development Projects and Market Expansion
Shareholders were briefed on the company’s major
expansion projects, including a 310,000-tonne-per-year high-density polyethylene
(HDPE) plant and an ethylbenzene-styrene monomer (EBSM) project. The HDPE
project is nearing completion and is expected to significantly expand TPC’s
product portfolio.
Additionally, the company announced the
finalization of its stock market listing process and reported new production
licenses for polypropylene, C5+, and new ABS grades — part of a broader
strategy to innovate, reduce imports, and meet domestic demand.
Seyedrahmani, the Tabriz Oil Refining CEO, also
confirmed investment plans in the EBSM project, citing its profitability
potential.
Looking Ahead
Shareholders praised the company’s strong
management and financial performance, urging continued focus on profitability,
risk management, and rapid implementation of development plans. They
underscored the importance of product diversification and securing export
markets.
With strategic resource utilization, efficient
management, and a forward-looking development agenda, Tabriz Petrochemical has
positioned itself as a leader in Iran’s petrochemical sector, preparing to
compete on the global stage.