📝 Farvard Qeshm Chemical Company (Public Stock) is one of the subsidiaries of Petrochemical Industries Investment Company and a subsidiary of Shasta, which was established in 1374 with activities in the field of producing three-layer polyethylene bags and shrink wrap for packaging petrochemical products, and is currently creating employment. Directly supervises 60 people.
✍According to #Shasta_Rasane, Farvard Qeshm Chemical Company in 1398 and 1399 was able to become one of Shasta’s transformed companies with proper planning and following the policies announced by the honorable CEO of Shasta. In recent years, following the implementation of the policies announced by Shasta, Qeshm Chemical Company was able to take over 15% of the country’s consumer market and to a large extent, eliminate the country’s need to import three-layer bags and three-layer bags. The products of this company in industries Petrochemical is used.
🔺️ 570% growth in net profit
Farvard Qeshm Chemical Company was able to increase its net profit exceptionally following the detailed planning and implementation of Shasta’s announced policies.
🔸️ Mehdi Rezaei, the head of Farvard Qeshm Chemical Company, says in this regard: the net profit of Qeshm Chemical Products amounted to 10 billion Tomans in 1398, which reached 57.2 billion Tomans in 1399, in fact, the net profit of Qeshm Chemical Products since 1398 By 2019, it has increased by 570% and more than 5.7 times.
🔹️ The supervisor of Farvard Qeshm Chemical Company also said: In this period, as a result of correct marketing and positive interactions with customers, we witnessed a significant reduction in the collection period of claims, which has been effective in improving the company’s liquidity and the possibility of purchasing suitable raw materials and increasing the profit margin. .
🔸️ Rezaei added: The reason for such a significant growth in 2019 was the significant increase in profit margin. In fact, the point to consider in the financial performance of Qeshm chemical products is the very favorable growth of the company’s profit margin. A look at the financial statements of the company shows that the figures related to sales in 2018 (733 billion rials) and 2019 (1416.5 billion rials) were that the profit margin of Qeshm chemical products was 14% (2019) and 48% (2019). ) has arrived.
🔹️ Rezaei said: Although the growth in sales and profit margin is partly due to the increase in prices, but the proper management of purchasing raw materials, managing costs (such as reducing waste, etc.) and producing more profitable products by participating in the tender of Moazzam Petrochemicals such as Bandar Imam Khomeini Petrochemical and Maron Petrochemical and Amir Kabir Petrochemical are considered to be the main factors in the emergence of this great success.
🔺️ Diversification of products on the agenda
The head of Farvard Qeshm Chemical Company continued to point out the process of diversifying the company’s products according to the needs of the market and with the aim of reducing dependence on foreign countries and said:
This year, Farvard Qeshm Chemical Company is investigating the revival of the production of three-layer polyethylene tanks in the special region of Qeshm and Mehr Parsian town. Polyethylene in Qeshm needs to supply new machines to start the production line.
🔸️ In addition, considering the problems of obtaining a 25,000-meter land permit in the Mehr Parsian industrial town in Fars province, a review of the justification plan for the construction of a production line for three-layer polyethylene tanks has been put on the agenda, which, God willing, will be supported by the upstream holdings if the plan is approved. This company will have a larger share of the consumer market.
🔹️ Rezaei said in the end: All these efforts and results happened while Farvard Qeshm Chemical Company lacked an independent head office despite the significant jump in sales and profitability, and now it is based in the head office of Petrochemical Industries Investment Holding. This was in line with not owning non-productive assets.