Summary of the interview with Saeed Aboudi, Chairman of the Board of Sadr Tamin Holding
Over recent years, Tose’e Sadr Tamin Investment Company (TASICO) has shifted its strategy from operating in the tile and ceramic sector toward mineral, metal, and chemical industries. This shift took place at a time when industrial investment in the country was declining and many companies were merely operating at their existing capacity. Despite these conditions, TASICO chose a development-oriented path and proceeded to establish or acquire companies in sectors such as gold, silver, coal, sodium sulfate, kaolin, and more.
One of the important outcomes of this strategic shift has been diversifying the product portfolio of Iranian Mineral Salts Company and Iran China Clay Industries. This includes launching potassium sulfate production to reduce import dependency and producing lightweight blocks and construction panels to improve energy efficiency. Moreover, gold and silver production projects in Sistan & Baluchestan and Kurdistan have been commissioned or are close to offering their products to the market.
Despite these achievements, some projects have faced delays due to factors such as liquidity shortages, inflation, sanctions, and environmental regulations. The major shareholder’s policy of distributing most of the profits has also made project financing more challenging, turning semi-finished projects into a major concern for TASICO. As a result, completing these projects has become a top priority for the holding, and proceeds from asset divestments will be used to accelerate both new and existing projects.
In conclusion, TASICO emphasizes that the primary objective of its development projects is achieving high returns and rapid capital recovery. The holding plans to continue expanding investments in strategic sectors such as mines and precious metals, thereby creating greater value for its shareholders.