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Polymer Exports Key to Downstream Petchem Growth, Says CEO

Polymer Exports Key to Downstream Petchem Growth, Says CEO
(Monday, September 9, 2024) 10:01

TEHRAN (NIPNA) - The expansion of polymer exports, including packaging materials and mother-and-child products, is a critical strategy for downstream petrochemical industries, according to Aslan Mohaghegh, CEO of Teb Polymer Asia.

The company has seen a 30% increase in production this year, contributing to both domestic supply and export growth, Mohaghegh said at the 18th IranPlast International Exhibition.

Mohaghegh emphasized the need for support from the banking system, the Ministry of Health, and customs authorities to further increase production capacity. He highlighted that some raw materials, such as silicone, must be imported, and customs delays have impacted production timelines. Despite these challenges, Teb Polymer Asia is committed to strengthening the value chain by sourcing raw materials domestically.

The CEO pointed out that energy imbalances, especially power outages, have posed challenges for the downstream petrochemical sector this year, but he expressed hope that solutions will be implemented to ensure stable production. He also acknowledged the role of industry associations, such as the Iran Polymer Association, in advocating for the removal of production barriers.

Teb Polymer Asia's product lineup, including packaging materials, mother-and-child products, and hygiene items, is positioned to compete with European counterparts, Mohaghegh stated. The company's operations in Shahrud have created significant local employment.

Reflecting on the IranPlast exhibition, Mohaghegh noted that, in addition to meeting domestic demand, the company received new export inquiries from various countries. Teb Polymer Asia sources 80% of its raw materials from domestic petrochemical complexes through commodity exchanges, and the provision of petrochemical products on credit has enabled downstream industries to operate with greater confidence.

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