19 Jun 2021
|
11:24
News ID: 76
Chief Executive Officer of Shahid Tondgooyan Petrochemical Company (Public Joint Stock) announced the growth of the company's profitability by ۷۶% and said: The company was able to achieve a net profit of ۲۰ thousand ۹۷۳ billion and ۱۱۰ million rials in the fiscal year ۲۰۲۰, which compared to the previous year it has grown significantly since then.

According to the Shahid Tondgooyan Petrochemical public relations and international affairs, the Annual General Assembly of Shahid Tondgooyan Petrochemical Company (STPC) was held in the presence of 85.31% of the members in the meeting hall of the Persian Gulf Petrochemical Industries Company (PGPIC) chaired by Saeed Mohebbifard.Shegooya-approved cash dividends increased 90% / Shahid Tondgooyan Petrochemical Company reaches 100% production capacity/ 76% increase in profitability of Shahid Tondgooyan Petrochemical Company (public joint stock)
At the beginning of the meeting, the CEO of Shahid Tondgooyan Petrochemicals presented a report on the company's performance in the fiscal year ending to March 2021 and the company's plans for the next year.
The record of total annual production from the beginning of its launch for the third consecutive year amounting to more than one million and one hundred thousand tons in 2020, the company's profitability growth of 76% in the last year, the top research among the manufacturing companies under the Persian Gulf Petrochemical Group in 2020 and the acquisition of the top rank in the evaluation of business processes in the last year by Takchi Company are important achievements of Shahid Tondgooyan Petrochemical in this fiscal year which were reported by Seyed Reza Ghasemi Shahri.
As he continued obtaining Information Security Management System (ISMS) certification as the second company in the Persian Gulf Petrochemical Industries Group, improving the environmental situation to drop the list of polluting industries in the Environment Organization in 2020, Localization of the Palladium catalyst with the participation of knowledge-based companies in the country for the first time, supporting the manufacture of spare parts and membership in the Club of Manufacturers of Rotary Filters of Petrochemical Industries in the last year, financial and legal formalities for the construction of the SSP-C unit to increase production capacity, update the company's operating license in the Ministry of Industry, Mine & Trade, the top rank in the field of optimal production control performance in the evaluation of the National Petrochemical Company among 54 petrochemicals in the country are another achievements of Shahid Tondgooyan Petrochemical in the last financial year.
Ghasemi Shahri stated that the sales performance of the company in the fiscal year of 2020 was 612,988 tons and said: "In this year, the total sales of the company's products amounted to 99,926 billion rials, gross profit of 28,000 744 billion rials and operating profit was 24 thousand 155 billion rials.
He stated that the net profit of Shahid Tondgooyan Petrochemical Company in the fiscal year of 2020 was 20 thousand and 973 billion Rials and said: the net profit of the company in the fiscal year of 2019 was, 11 thousand and 935 billion Rials and the profit of the year 2020 had a significant growth compared to the previous year.Shegooya-approved cash dividends increased 90% / Shahid Tondgooyan Petrochemical Company reaches 100% production capacity/ 76% increase in profitability of Shahid Tondgooyan Petrochemical Company (public joint stock)
The CEO of Shahid Tondgooyan Petrochemical Company also referred to the measures taken in the field of self-sufficiency in the last year and stated: Production of new grade TG670S and fine polyester filament yarn (ITY) for the first time in the country as a raw material for the production of Chador, production of Polyethylene Terephthalate Low Melt PET grade for the production of masks and clothes Hospital, obtaining the title of top research company among the Persian Gulf Holding companies by introducing 10 new product grades in 2020, reconstruction and internalization of sensitive and sanctioned equipment such as RVF in 2020, membership in the Filter Manufacturers Club, the rotation of the petrochemical industry in 2020 and the localization of the palladium catalyst with the participation of knowledge-based companies in the country was one of these measures for the first time in 2020.
At the end of this report, Ghasemi Shahri announced the future policies and plans of Shahid Tondgooyan Petrochemical Company as follows: Launching lines 7 and 8 of POY units as well as STAPLE unit, launching automatic warehouse, identifying production bottlenecks and operational problems to achieving sustainable production, solving environmental problems and issues through the implementation of improvement projects, development of the company's product portfolio, the construction of a new SSP-C unit to increase the production capacity of 450 tons of bottles per day, integration of financial systems, trading, product and so.
Ghasemi Shahri explained that at the beginning of his work in this petrochemical, the production capacity was 65% and this year it has reached 85% and said: "We hope to reach 100% of the capacity."
The CEO of Shahid Tondgooyan Petrochemical Company said: "By re-launching the production line of Bouali Sina Petrochemical Paraxylene, these costs will be supported by the company and of course you know that the slightest disruption in the transfer of feed from Assaluyeh to Mahshahr will cause consumer protest and a significant impact on The PET market is in place, and thoughtful arrangements have been made for renting two ships, a wharf, and a warehouse for sustainable feed supply.
The dividend of Shegooya shares was approved with the approval of the General Assembly at 780 Rials per share, which was an increase of 90% compared to last year.
The General Assembly also appreciated the performance of Shahid Tondgooyan Petrochemical Company in the field of social responsibility, especially the measures are taken against Corona Virus last year, and empower the local community, by increasing the company's social responsibility budget from 13 billion to 24 billion tomans in the form of activities of the Strategic Council as well as the gratifying actions of the Persian Gulf Petrochemical Group in Mahshahr were agreed.

Published:
|
Under Review:
|
non-publishable:
Post comments