Arvand Petrochemical Company in Mahshahr, Khuzestan Province, has increased its sales by 300% in the first nine months of the current Iranian year (March 2021-22) compared with the same period of last year, managing director of APC said.
“In the first nine months of last year, the company’s sales reached $143 million that has exceeded $400 million this year,” Hassan Neshanzadeh was also quoted as saying by the Oil Ministry’s news agency Shana.
Arvand is the largest producer of polyvinyl chloride (PVC) in the Middle East. With a production capacity of 2.8 million tons of various products per year, it also produces chlorine, sodium hydroxide, suspension polyvinyl chloride, ethylene dichloride, vinylchloride monomer, caustic soda and a variety of PVC grades.
Referring to the beginning of the company's development programs from next year, Neshanzadeh said, “As one of the major petrochemical complexes in Iran, we will start the construction of a new 300,000-ton PVC unit next year.”
Currently, an estimated 730,000 tons of PVC are produced in Iran per year, of which 50% are manufactured by Arvand Petrochemical Company.
Because of rising demand in the domestic market and low market capacity in neighboring countries, the new unit will be built at the complex.
In addition to meeting domestic demand, the company exports a part of its PVC and caustic soda output to some Middle Eastern countries such as Turkey.
PVC is the world's third-most widely produced synthetic plastic polymer (after polyethylene and polypropylene). About 40 million tons of PVC are produced annually.
It is a versatile material used in window frames, drainage pipe, water service pipe, medical devices, blood storage bags, cable and wire insulation, resilient flooring, roofing membranes, stationery, automotive interiors and seat coverings, footwear and packaging.
