Faravard Qeshm Chemical Company astonished everyone at its annual general meeting by presenting impressive performance figures.
According to the public relations department of Faravard Qeshm Chemical Company, the general assembly for the fiscal year ending on March 20, 2025, was held in the conference hall of the Petrochemical Industries Investment Company, with shareholders, executives, board members, and the legal auditor in attendance.
After the establishment of the presidium and the reading of the audit report, Hamed Masineh Asl, CEO of Faravard Qeshm Chemical Company, presented the company’s performance for the fiscal year 2024. He announced that operational revenue had increased by 181% compared to the previous year. Additionally, operational profit had surged by 360%, reaching 108 billion tomans, which marks a three-and-a-half-fold growth from the previous year. He attributed this success to intelligent management strategies and the sustainable development of production and sales processes.
He further emphasized that Faravard Qeshm Chemical Company exceeded expectations, achieving a 103% increase in production beyond its nominal capacity. This remarkable achievement, alongside a 125% growth in production compared to last year, has cemented the company’s position as a leading force in the petrochemical downstream industry.
The CEO continued, stating that the company had also overcome obstacles through a 126% increase in sales, as well as securing sanctioned spare parts. These milestones were made possible by smart management and dedicated employees who, with commitment and expertise, have laid the foundation for sustainable growth. In line with the national motto “Investment for Production,” Faravard Qeshm Chemical Company has demonstrated that strategic investment and meticulous planning can accelerate development and overcome economic challenges, highlighting the critical role of investment in innovation and national economic growth.
Hamed Masineh Asl also pointed out that the company has enhanced productivity by leveraging its existing capacities, reducing waste, and recycling portions of its waste back into the production cycle to comply with circular economy principles. As a result, the company has contributed to economic growth within its capacity.
Moreover, as part of its commitment to employee welfare, the company has undertaken several initiatives, including:
Converting temporary workers to permanent contracts,
Introducing PetroCard for employees for the first time,
Implementing a suggestion system,
Hosting welfare, motivational, and support programs,
Recognizing employees in events such as Ramadan gatherings,
Awarding exemplary workers,
Honoring marriage and childbirth,
Optimizing performance-based bonuses, and
Providing a benefits package for employees.
Through these efforts, Faravard Qeshm Chemical Company continues to pave the way for sustainable growth and reinforce its role as a key player in the industry.
