“The Board of Directors of Arya Sasol Polymer Company is pleased to announce the appointment of Mr. Mohammad Reza Heidarzadeh as the new Managing Director to the company,” the company’s Public Relations reported on Thursday, May 12, 2022. &nbsp;

“The Board of Directors of Arya Sasol Polymer Company is pleased to announce the appointment of Mr. Mohammad Reza Heidarzadeh as the new Managing Director to the company,” the company’s Public Relations reported on Thursday, May 12, 2022.

New MD appointed to Arya Sasol Polymer Company

Based on the accreditation of Paya Credit Rating Co., Arya Sasol Polymer Company (ASPC) has achieved the highest credit rating in Iran and has become the most credible company in this country.According to Paya Credit Rating Co., ASPC has succeeded in achieving an AA- rating, considered as the highest credit rating in this country for the first time. According to the public relations department of ASPC, in the latest validation published by Paya Credit Rating Co., and based on a review of quantitative data including financial statements and financial ratios derived from it, and qualitative characteristics including evaluations related to the company’s activities, corporate governance, operating environment, financing and track records as well as analysis of the macroeconomic environment, related in business and industry, Arya Sasol Polymer Company has successfully achieved Long-Term Credit Rating AA- along with a Stable Outlook and Short-Term Credit Rating A1+ in the investment grade.In the category of “long-term credit rating”, Paya’s Glossary of Definitions states ASPC’s capacity to fulfill the financial obligations is at a very high level. Also, the rating outlook indicates the potential direction of rating in the medium term. A stable outlook means that credit ratings are unlikely to change in the foreseeable future. Accordingly, all quantitative analyses have been performed based on the audited financial statements and accompanying notes for the financial years ending March 2018, 2019, and 2020 and other relevant information provided by Arya Sasol Polymer Company. A review of other ranking reports published by Paya Co. shows that no company has to date achieved this credit rating. Previously, the highest credit rating was A+, which was given to Social Security Investment Company (Shasta), National Iranian Copper Industries Co., Esfahan’s Mobarakeh Steel Co., and Mehr Ayandegan Financial Development Group. Later, rank A was credited to Pars Paper Industrial Group, and rank A- was given to the Persian Gulf Petrochemical Industries Co., Saba Tamin Investment Co., Isfahan Cement Co., and Charisma Asset Management Co.

Arya Sasol achieves the highest credit rating in Iran

Arya Sasol Polymer Company unveiled two new grades of High-Density Polyethylene (HDPE). The achievements were made public during the company’s third consecutive successful presence at the International Exhibition of Iran Plast. The new HDPE grades include HEX4460-PE80+ and HBM5510. Arya Sasol says that the HEX4460 PE80+ grade with 1-hexene comonomer can be used for the production of polyethylene pressure pipes for irrigation and water supply purposes. Thanks to its unique 1-hexene comonomer, HEX4460 PE80+ can be regarded as country’s top grade in PE80 family products in terms of crack resistance properties (ESCR) of SCG and RCP, the unit said. It added that HBM5510 as the next grade in place can be used for producing large blow molded parts (i.e., drums). The HBM5510- oriented products are appropriate for the shipment and storage of hazardous chemical and acidic liquids, the petrochemical unit noted.During the four-day event of the 14th International Exhibition of Iran Plast (07-10 February,2021), Arya Sasol Polymer Company applied strict control over the implementation of the regulations instructed by the health ministry of Iran on fight against the Covid-19. Due to the pandemic, only managers, businessmen and experts are allowed to participate and visit the expo. The distinctive feature of this year’s edition is an online exhibition, which was held concurrently with the physical exhibit. In the last period, Arya Sasol, as a company with the highest credit rating (-AA) in Iran, unveiled a new product; the polymeric fuel tank for the automotive industry. Arya Sasol is the first Iranian company which has managed to manufacture this product all in accordance with the national standards advised for the automotive industry.With 13 years of experience, Iran Plast is one of the largest and most important exhibitions in Iran in the fields of raw materials, machinery and molds, as well as auxiliaries and services for plastics and rubber industries. It is also one of the major exhibitions in the Middle East and Asia. More than 200 domestic and 250 foreign companies attended the 14th International Exhibition of Iran Plast. The exposition is held annually in Tehran International Exhibition Center with the aim of linking the petrochemical industry and enterprises. It also seeks to provide a basis for the development of this domestic industry section through paving the way for it to develop its presence in international markets. Starting in 2002, the expo had witnessed the presence of a total number of 7400 national and international enterprises during the last 13 periods of display. The exhibit was organized and held for the first time by the National Petrochemical Company of Iran (NPC).Currently, Iran manufactures less than 40 million tons of petrochemical products. The country plans to ramp up its output to 133 million tons a year by 2022, raising its annual revenue to 33 billion dollars. Iran’s petrochemical exports have been restricted under the US sanctions. Iran says that this has been a chance to use raw material inside the country to produce products with higher added value. This also fits with Tehran’s view of the petrochemical industry as one of the major escape routes from an oil-based economy.

Arya Sasol unveils new grades of HDPE at 14th Int’l Expo of Iran Plast