Tabriz Petrochemical will hold an introductory meeting on Saturday, October 21, 2023, from 2 PM to 4 PM at the amphitheater of the Tehran Stock Exchange located in Saadat Abad. Representatives of Tabriz Petrochemical, major shareholders, valuation consultants, and offering and admission advisors will be present at this meeting. The purpose of this meeting is to introduce the company and provide an opportunity for capital market participants to become familiar with its activities and information related to its share offering.
Details of the Initial Public Offering of Shatabriz and the Capital Market Status
The trading symbol “Shatabriz” will be listed on the main board of the second market of the Tehran Stock Exchange in December 2025. Holding the introductory meeting is one of the stages for investors to become acquainted with the company's activities and information in the path towards its initial public offering. The exact timing of the initial public offering and its details, including the price range and the number of shares available for offering, will be announced through subsequent official notifications from the Tehran Stock Exchange.
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Tabriz Petrochemical and Production Capacity
Tabriz Petrochemical Company is one of the experienced producers of polymer and chemical products in the country, operating in the northwest of Iran. The design and engineering activities of this complex began in the second half of 1989, and the complex was commissioned in January 1997. It is built on an area of 391 hectares, in the southwest of Tabriz, adjacent to the Tabriz Oil Refinery. The nominal production capacity of the company is reported to be approximately 870,000 tons per year.
The product portfolio of Tabriz Petrochemical includes a diverse range of polymer and chemical products. Polyethylene, polypropylene, various polystyrenes, and ABS are among the polymer products of this company. Additionally, ethylene, propylene, pyrolysis gasoline, toluene, ethylbenzene, and styrene monomer are included in its base and chemical products. These products are used in downstream industries, including plastic and packaging production, automotive, household appliances, and construction.
Development Plans and Environmental Projects
Among the development plans introduced for Tabriz Petrochemical is the construction of a heavy polyethylene unit with an annual capacity of 310,000 tons. Additionally, the establishment of a second ethylbenzene and styrene monomer unit with an annual capacity of 100,000 tons has been proposed to develop the company's chemical product chain. In the field of water resource management and the environment, projects such as the reuse of wastewater from the Tabriz wastewater treatment plant, waste management, and energy consumption optimization are among the activities of this complex.
The introductory meeting for “Shatabriz” is being held while Tabriz Petrochemical is preparing for its initial public offering. The final details of this offering will be based on the official announcements from the relevant authorities and will serve as the basis for informing investors.
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