Arvand Petrochem Company Increasing Indigenization

More than 85% of the chemicals and equipment used in Arvand Petrochemical Company in Mahshahr, Khuzestan Province, have been indigenized, the managing director of the company said.
“The indigenization of items has helped save $22.5 million,” Mohammad Reza Karimi was also quoted as saying by the National Petrochemical Company’s news website.
Last week, the company signed several agreements and MoUs with 30 domestic companies worth $12 million to indigenize more chemicals and equipment.
According to Karimi, the Arvand plant is currently producing at full capacity as a result of the efforts of Iranian manufacturers and knowledge-based companies in the past four years.