Seyed Reza Qasemi Shahri told a press conference on Tuesday that the sanctions had proved to be a blessing for his company, stating the plant had been able to localize the technical savvy for production of various items and achieve self-sufficiency in diverse fields from manufacturing mechanical parts to production of certain chemicals, etc., which have created jobs in the country.

This year, Tondguyan Petrochemical Company has not had the troubles it often had for feedstock supply in the previous years, he said, adding the company is quoted in the stock market for all the polyethylene terephthalate chain items.

The CEO of Tondguyan Petrochemical Company added that the company fully supplied the local market with its output and had taking steps for exporting it items.

Qasemi Shahri said the company also sold 95% of its output on the local market this year, adding that 470,000 tons of the company’s output was sold domestically this year.

Last year the company’s output hit 1.03 million tons which is expected to grow dramatically this year.