Abbas Karimi has been appointed as the new CEO of Shahid Tondgooyan Petrochemical Company (Sharakh). He previously held the position of commercial and sales manager at this company. Karimi's management term at Shahid Tondgooyan Petrochemical Company will focus on financial restructuring plans, feedstock supply, major repairs, and product quality improvement.
Professional Background of Abbas Karimi
Abbas Karimi has extensive experience in the petrochemical industry. He has held various positions in Ghadir, Fanavaran, Takht Jamshid, and Khark petrochemical companies. His most significant roles include being the CEO of Khark Petrochemical Company and Takht Jamshid Petrochemical Company. Karimi has also served as the supervisor of Ghadir Petrochemical Company and the chairman of the board of Fanavaran Petrochemical Company.
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Shahid Tondgooyan Petrochemical Company, with its high capacity and product diversity, is recognized as one of the largest complexes producing polymer and chemical products in Iran. This complex has 17 production units and 6 auxiliary service units, and its products include polyethylene, polypropylene, and chemicals used in downstream industries.
Challenges and Future Plans
In his first press conference, Karimi spoke about the existing challenges at Shahid Tondgooyan Petrochemical Company, including debts and feedstock supply. He announced that the company faced an operational loss of about 800 billion tomans in the year 1403 (2024), but in the year 1404 (2025), it managed to record an operational profit of about 3 trillion tomans. Additionally, the company's net profit in 1403 was around 270 billion tomans, and in 1404 it reached about 1.4 trillion tomans.
Karimi emphasized the importance of utilizing the capacity of specialized human resources and collaboration among different sectors of Shahid Tondgooyan Petrochemical Company, announcing his plans to improve the production and financial status of this complex. His appointment comes at a time when Shahid Tondgooyan Petrochemical Company was facing issues related to feedstock supply and production costs and needed serious reforms.
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