Addressing shareholders at the company's annual general meeting, held
with a 94% attendance rate at the Shahid Soleimani Hall, Heydarzadeh elaborated
on the company's performance in the past year and its plans for the future.
"Arya Sasol, through the conversion of ethane into ethylene and
subsequent delivery to operational units, has achieved an annual production
capacity of 375,000 tons of light polyethylene, 375,000 tons of medium and
heavy polyethylene, and 100,000 tons of C3+," stated Heydarzadeh,
highlighting the company's activities.
He also announced the delivery of 175,000 tons of ethylene to the EB
unit of Pars Petrochemical Company, stating that any surplus ethylene
production is exported either via the West Ethylene pipeline or through
maritime transportation.
Heydarzadeh proudly reported a 10% increase in production compared to
the previous year, with the company producing 1,960,956 tons of products in the
past year, surpassing its previous production records.
Furthermore, he disclosed an impressive 23% growth in revenue,
reaching 338,808 billion rials, indicating the company's robust financial
performance.
Explaining the factors contributing to the increased revenue,
Heydarzadeh attributed it to higher exchange rates, decreased feedstock prices,
and increased sales volume. However, he also acknowledged challenges such as
the decline in global product prices and increased operational taxes.
Heydarzadeh concluded by outlining the company's long-term goals,
which include creating sustainable profitability, financial transparency, and
maintaining product quality. He emphasized the company's commitment to
accident-free operations and minimizing environmental pollution as central to
its activities.