Tabriz Petchem Revenue Up 22% as Company Prepares for Tehran Stock Exchange Listing

Tabriz Petchem Revenue Up 22% as Company Prepares for Tehran Stock Exchange Listing
(Tuesday, July 7, 2026) 17:51

TABRIZ, July 06 (NIPNA) — Tabriz Petrochemical Co. reported a 22% increase in total sales value for the fiscal year ending March 20, 2026, driven by strong domestic market performance and operational efficiencies achieved during a major overhaul.

The performance figures were presented during the company’s annual general meeting held on June 30, 2026, chaired by Ebrahim Sadeghi, representative of Parsian Oil and Gas Development Group.

Financial Growth and Operational Continuity

Seyyed Noureddin Mirashrafi, CEO and Vice Chairman of Tabriz Petrochemical Co., detailed the company's financial metrics, highlighting a 34% rise in domestic sales value year-over-year. Total output for the fiscal year surpassed 800,000 metric tons.

The executive noted that the company maintained uninterrupted operations and complete product lines while executing one of the largest comprehensive overhauls in its history. Profitability metrics—including gross profit, operating income, and net profit—sustained an upward trajectory despite broader macroeconomic challenges and rising input costs for feedstock, energy, and services.

Strategic Expansion and Bourse Listing

Mirashrafi confirmed that the company has finalized the formal listing process for its shares on the Tehran Stock Exchange (TSE). The public offering is intended to expand investment channels, enhance financial transparency, and secure capital for ongoing capital expenditure programs.

Key development projects currently underway include:

  • Heavy High-Density Polyethylene (HDPE): Construction of a 310,000-metric-ton capacity plant.
  • Ethylbenzene & Styrene Monomer: Engineering and construction of core intermediate product units.
  • Downstream Integration: Expansion of polypropylene capacity, energy infrastructure upgrades, offsite facility construction, and municipal wastewater treatment and transfer systems.

Energy Efficiency and R&D Breakthroughs

Operational optimization initiatives yielded a 22% reduction in the energy consumption index and a 19% decrease in water consumption compared to original plant design parameters.

On the technology front, the company’s research and development division successfully commercialized several specialized chemical products, including new colored ABS grades, C5+ hydrocarbon cuts, and expandable polystyrene (EPS) with reduced pentane content. Localized fabrication of strategic spare parts also reduced import dependency, supporting downstream industrial demands.

 


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