According to the public relations office of Persian Gulf Hormuz Petrochemical Company, the company’s Annual General Meeting was held on Sunday, July 27, 2025, at the headquarters of Persian Gulf Petrochemical Industries Group. During the session, the company’s CEO and Chairman of the Board presented a comprehensive report on the achievements of fiscal year 1403 (ending March 2025) and emphasized the need for continued shareholder support for ongoing development projects.
The CEO reported notable progress in the construction of the ethylene unit, stating that equipment procurement and engineering activities are currently being carried out with top priority.
He also highlighted the company’s ongoing efforts in the construction of two integrated high-density polyethylene (HDPE) units, noting that securing financing remains a critical challenge and called for maximum support from shareholders to ensure successful execution.
The meeting concluded with the reading of the independent auditor’s report, and the financial statements for the fiscal year 1403 were approved by the attending shareholders.