Shakimia Company, emphasizing its export-oriented approach, has exported over 85% of its produced products to international markets in recent years. Hamed Moghadam, the Vice Chairman of the Board of Directors of this company, provided a report on the 17-year activities of this production unit on the eve of its initial public offering in the Iran Farabourse.
History and Production Development
Shakimia Company began its activities with an initial capital of 4 billion rials and one production line. In 2022, a second fiber production line was added to the collection, and currently, 340 people are employed in this company. Moghadam referred to the value chain of this industry and said: "The value chain of synthetic fibers starts from raw materials at around $650 and reaches about $6,000 at the clothing level. This indicates a tenfold added value."
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Export Volume and Raw Material Supply
The Vice Chairman of the Board of Directors of Shakimia referred to the company's export share in recent years and said: "In 2020, the company's export share was about 53%, but since 2021, it has consistently been between 80% and 85%, and at times up to 87% of products have been exported to international markets." He also stated that about 75% of raw materials are sourced from recycling, including recycled PET such as mineral water and beverage bottles.
Moghadam, referring to the use of renewable energy in the company, said: "Our production lines are not water-intensive or gas-intensive, and only a small portion of gas is purchased. Additionally, with the establishment of a solar power plant, the risk of power outages has been managed."
Financial Status and Project Development
Hamed Moghadam assessed the company's financial status as positive and said: "The cash flow from operations at the end of last year was positive and recorded at 483 billion tomans." He also announced the company's net profit for the last year as 1,118 billion tomans and added: "The gross and operating profit margins of the company have remained stable and above 30% in recent years."
Regarding the company's development projects, he specified: "A new factory project to complete the value chain is underway, and mapping operations and part of the construction have been completed. If unforeseen conditions do not arise, the pilot operation of the new line will take place in the winter of 2027, and commercial production will begin in 2028."
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