Speaking on the sidelines of the listing, Chief
Executive Mohammadreza Karimi said Arvand Petrochemical had been among Iran’s
key petrochemical producers for the past three decades and had spent recent
years meeting auditing standards and regulatory requirements needed for a
market debut.
Karimi said the company operates without reliance
on government funding, covering its costs through operational revenues, with
feedstock expenses accounting for only a small share of its cost structure.
He said Arvand Petrochemical serves both domestic
and international customers, exporting part of its output to several countries.
Stable access to feedstock, adequate reserves and defined development projects
were among the company’s competitive advantages, he added.
Karimi said the company was on a path of
sustained profitability, noting that earnings had remained stable over the past
eight years and that around 80% of projected profitability was achieved in the
last financial year.
He added that a significant portion of the
company’s equipment and infrastructure had been sourced domestically, reducing
exposure to external disruptions and sanctions-related constraints.
Arvand Petrochemical has a diversified product
portfolio with healthy profit margins, supported by full utilisation of
production capacity and the application of established technologies, Karimi
said.
He said the board of directors was committed to
protecting shareholder interests following the listing, pledging transparency,
accountability and a focus on sustainable development as the company enters a
new phase as a publicly traded firm.