Croda has inaugurated its new office in Tehran, the business capital of Iran, on 19 October 2016. Customers and dignitaries, including the British Ambassador to Iran, Nicholas Hopton, were invited to join the team from Croda Pars alongside colleagues from around the EMEA region to celebrate this new step forward for the Croda Group.
“The Islamic Republic of Iran has a population of around 79 million and, according to the IMF, an estimated annual GDP of US$412 bn. Major industries in Iran centre around manufacturing and infrastructure, such as Oil & gas, mining and transport, but, it is the innovative spirit of a country setting its sights on growth that makes this opportunity for Croda so fitting,” explains the speciality chemicals supplier.
Croda’s history of trade with Iran can be traced back to 1982. It all started with the Dr. Arakalian agency, which for the last 34 years has been focussed on representing Croda, Sederma and Crodarom in Personal Care and Health Care. “With a shared passion for innovation and a strong focus on close customer engagement, the partnership between Croda and the Dr. Arakalian agency has really flourished. The integration of the agency into the Croda network as the newly formed Croda Pars was seen as a positive and logical next step,” said Croda.
Croda believes there are many opportunities for growth in Iran. “With Country Manager, Gilda Zakaria already having a strong foundation in Personal Care and Health Care, Croda now has the potential to capture growth in core markets to Croda’s business such as Polymer Additives, Geo Technologies, Lubricants and Crop Care,” concluded the company.