Arya Sasol Polymer Company, ASPC, is now among the largest companies by the Market Cap in Iran.This comes as the market value of the company hit a new record after it successfully entered the financial range of $ 4.62 Billion. With the current achievement, Arya Sasol Polymer Company, carrying the symbol of “Arya,” has turned to be the 16th largest company by the Market Cap in the country. Additionally, this new leap by the ASPC provides the faithful stakeholders of the company to enjoy significant returns. Arya is the most profitable petrochemical in the country with an annual production of about 2 million tons of ethylene and various types of polyethylene. As one of the leading companies of the country’s Market Cap., ASPC is also one of the major producers of ethylene and polyethylene in the Middle East region with a global reputation.

Arya Sasol Polymer Company, ASPC, is now among the largest companies by the Market Cap in Iran.

Arya Now Among Largest Iranian Companies by Market Cap

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, ASPC, has solely won for the second time the highest audit mark in the HSE management system from the British Safety Council. The company received three 5-star certifications in Occupational Safety And Health Management, Environmental Sustainability, and Process Safety Management. For the first time in 2017, ASPC was awarded the British Safety Council’s 5-star Audit Certificate in areas including Occupational Safety and Health as well as the Environment Sustainability.This year, the company was re-audited by the British Safety Council to determine the actual status of its HSE management system and to assess the progress of the system compared to the previous period. According to the results of this period, the company renewed its 2017 5-star certificates in Occupational Safety And Health Management as well as Environmental Sustainability.Along with the acquisition of high scores, ASPC, as a chemical process manufacturing company, was for the first time also able to earn the 5-star badge for the “Process Safety.”As the company says, this success is yet another proof over the effective implementation and the continuous improvement of the world-class HSE management system in Arya Sasol Polymer Company. ASPC’s continuation in obtaining certifications at the highest international level and from the most reputable HSE audit institutions in the world show the high level of safety, health and environmental management standards in Iran’s oil industry and it is undoubtedly a great achievement for the country. With more than 60 years of experience, the British Safety Council is one of the most reputable international institutions in the field of auditing and providing consulting and training services in the field of safety, health and environment management.Based on a comprehensive process and through employing qualified and reputable experts, this institution conducts one of the most rigorous and complete types of annual audits of HSE systems all based on the 5-Star Audit Specification model for the applicant companies.

ASPC GAINS 3 EXCELLENT AND REPUTABLE INTERNATIONAL CERTIFICATIONS IN HSE