Rahbord Energy: Reza Ganji, the CEO of Jam Pilen Petrochemical Company, has hailed the performance of his company during 2023–2024 and said the company managed to break its previous record in net profit and operating sales. He also said the net profit increased by about 28% and the operational sales by 14% compared to last year.
He further referred to the activities carried out in the field of technology and product innovation and said the company is looking for a reduction in the finished price, and in this field, regarding the effect of chemicals, a lot of effort has been made to improve quality. He also said plans in the area of three grades are set to be unveiled this year. This is in addition to the 2nd grade plans, which were unveiled last year. He also said at the Tehran Oil and Gas International Exhibition, Jam Pilen HP515M grade was unveiled in the field of packaging. The product, he said, can increase the speed of production, and it’s applicable in food packaging and clothing packaging. He also said that due to its low thickness and printability, it can revolutionize the packaging industry.
The CEO of Jam Pilen Petrochemical said that different grades of homopolymer, copolymer, and terpolymer produced under the Jam Pilen brand are now well known in different markets. He further said Jam Pilen Petrochemical has five exclusive grades in the field of chemical grades. According to Ganji Jam Pilen is the largest producer and supplier of polypropylene in the country and now ranks first in these five chemical grades. He also said the company ranked first in the supply filed. Ganji noted that in chemical grades, the company has five exclusive grades that are widely used in downstream industries. He criticized restrictions put on the export of grades but said the company has managed to keep its foreign customers. He expressed hope that by solving export restrictions, the company would be able to export its exclusive grades.
Ganji said seven polypropylene-producing complexes in the country are now facing a shortage of feedstock. Jam petrochemical is one of the companies that produce feedstock. Last year, the average production capacity in the country was 68.5%, but the rate of Jam Pilen Petrochemical Company stood at 73%. He expressed hope that with the planning done by the Ministry of Petroleum, the imbalance in feedstock production can be solved so that the polypropylene units can work with more capacity, which would stabilize the markets and make way for exports.
Regarding the development of export markets, Ganji said that due to the problems that exist in the domestic market, exports of the products of the company have not become possible. According to Ganji, legal issues have also compounded the export problem. He noted that the company participated in an exhibition in Turkey last year, which is considered the gateway to export destinations in Europe. He further noted that the company is planning to export its products to the CIS countries and to markets in African countries. He said Jam Pilen’s exclusive grades have turned out very useful in the Indian market in the textile industry. He also said the company is working hard to make the Jam Pilen brand known among the consumers of the downstream industries of the destination countries by attending the exhibitions.
Regarding the role of academic centers in designing and manufacturing new polymer grades, Ganji noted that the company is cooperating with Sharif University and Amir Kabir University of Technology to test new grades. He said the company is examining the opinions and needs of downstream industries to make customer-tailored products.
Source: Public Affairs Department of Jam Pilen Petrochemical
