Innovation in Polymer Industry Heralds Production Growth

Innovation in Polymer Industry Heralds Production Growth
(Wednesday, September 11, 2024) 16:00

TEHRAN (NIPNA) - The connection between the polymer production sector and the country's innovation ecosystem leads to development and increased production, ultimately creating added value.

At a specialized session on the role of technology in the growth of polymer industries, held on the third day of the 18th International Iranplast Exhibition, Saeed Zakai, CEO of Sharif Polymer Company, emphasized the importance of innovation in advancing the polymer industry.

He noted that Iran ranks 24th globally in the polymer industry and, given the country's rich resources, it is a strategic sector. With Iran's ninth position in global labor capacity, first in regional research papers and patents, and fifth worldwide, there is significant potential to achieve a top-ten global rank in the polymer industry.

Zakai highlighted that innovation is not limited to product development; it extends to marketing, production processes, and business models. He stressed the importance of exports and establishing connections with capable international customers as key drivers of innovation in the industry.

In the same session, Barmak Qanbarpour, a member of the Iranian Chamber of Commerce, pointed out that the entire value chain of the polymer industry must be enhanced for value creation. He mentioned that last year, around 5 million tons of polymer raw materials were traded on the stock exchange, with the potential to double value-added by converting raw materials into advanced polymer and engineering products.

Hosseini, CEO of Paydar Plastic, emphasized that creativity leads to innovation and must be nurtured through research and continuous development.

Mohammad Saleh Khaleqi, Secretary of Iran's National Technology Market Network, highlighted the importance of commercializing technological advancements. He stated that increased demand for technology in the past decade has boosted production, and creating a structured connection between the polymer industry and the innovation ecosystem will ensure the penetration of technology into production processes.

The 18th International Iranplast Exhibition is being held from September 8 to 11 at the Tehran International Fairgrounds, featuring 288 foreign and 525 domestic companies.

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