Glucosan Company
Glucosan Company is a Tehran Stock Exchange-listed Iranian corn processor, trading under the symbol غگل. From its Qazvin facility, it produces glucose syrup, starches, fructose, corn oil and corn-derived co-products, with a Tehran office. The company is relevant to buyers and investors tracking Iran’s food-ingredient, industrial-starch and corn-processing value chains.
Market position
A long-established, TSE-listed participant in Iran’s corn-processing sector, with a portfolio spanning food ingredients, industrial starch derivatives, edible oil and corn co-products.
Operations & footprint
Products and services
Glucosan Company produces glucose syrup, starch, corn-derived sweeteners, industrial food ingredients, and related agricultural-processing materials. Its products serve confectionery, beverages, dairy, bakery, processed foods, pharmaceutical applications, industrial users, and manufacturers requiring starch-based or glucose-based inputs in Iran's food and materials supply chains.
Operations and assets
Glucosan operates a corn-processing facility in Alborz Industrial City, Qazvin. Production began in 1973 with an initial corn-milling capacity of 50 tonnes per day; this is a historical commissioning figure, not a current capacity statement. The company also maintains a Tehran office.
Geographic footprint
Manufacturing is based in Qazvin Province, with an office in Tehran.
Ownership & group structure
Ownership
Industrial Wheat Flour Company held 28.77% and Zar Food Industries Development held 15.44% as of 2024.
Commercial and investment relevance
Glucosan is relevant for investors assessing Iran's food-ingredient market, corn-processing value chain, industrial sweetener demand, and domestic substitution of imported inputs. It can support analysis of downstream food manufacturers, dairy and confectionery demand, raw-material procurement, FX exposure, and margin pressure from agricultural commodity prices. Due diligence should review corn supply, product mix, customer concentration, energy and logistics costs, food-standard compliance, working capital, and latest listed-company disclosures. The company converts corn into multiple saleable ingredient and co-product streams, linking suppliers of corn and processing inputs with food manufacturers and industrial users requiring sweeteners, starches, oils, gluten and starch-based functional materials.
Constraints, risk & compliance
Key risks and constraints
Operating performance is closely tied to corn procurement and the economics of converting it into sweeteners, starches, oil and co-products. Product breadth also requires management of quality and specification requirements across food and industrial applications.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What does Glucosan Company produce?
Glucosan produces glucose syrup, edible and industrial corn starches, fructose, corn oil, modified starches, corn gluten, corn germ meal, corn hull and related corn-derived products.
Where is Glucosan Company located?
Its manufacturing facility is in Alborz Industrial City, Qazvin, Iran, and it has an office in Tehran.
Is Glucosan Company publicly listed?
Yes. Glucosan has been listed on the Tehran Stock Exchange since 1999 under the ticker symbol غگل.
When did Glucosan begin production?
The company was founded on 31 March 1970 and began producing glucose and starch in 1973.