Latest news with #MiddleEastPaperManufacturingandProductionCompany
Zawya
05-03-2025
- Business
- Zawya
Saudi-listed MEPCO breaks ground on $474mln new paper production line
Saudi-listed Middle East Paper Manufacturing and Production Company (MEPCO) has started construction on its fifth paper production line (PM5). The project will be managed by Al Tadweer Al Akhdar, a fully-owned subsidiary of MEPCO, the Saudi-listed company said in a statement on Wednesday. PM5 will double the total production capacity from 425,000 tonnes to 875,000 tonnes annually. In a filing to the Saudi stock exchange in April 2024, the company set the project's final budget at 1.78 billion Saudi riyals ($474.6 million), including land value. The internal rate of return was estimated at 14.5 percent, with completion expected in the fourth quarter of 2027. The new production line will enable MEPCO to produce high-quality, low-basis weight paper with energy-efficient technology that reduces operational costs compared to other machines. PM5 is set to double revenue, create new job opportunities, stimulate economic growth, and support local businesses by prioritising local sourcing and strengthening domestic supply chain, the statement said. Moreover, PM5 will divert an additional 500,000 tonnes of paper waste from landfills annually, raising MEPCO's total to 1 million tonnes of repurposed paper waste annually. (Editing by Anoop Menon) (
Saudi Gazette
03-03-2025
- Business
- Saudi Gazette
MEPCO lays the Foundation for PM5: A Groundbreaking Leap in Paper Production, doubling Supply Capacity and introducing Superior-Quality Paper to the Region
The Middle East Paper Manufacturing and Production Company ('MEPCO'), the leading company in the region's paper industry, announced the laying of the foundation for its 5th paper production line (PM5), the largest of its kind in the Middle East, as part of its strategic plan to strengthen Saudi Arabia's role in the global paper market. The new production line (PM5) will double MEPCO's total production capacity from 425,000 tons to 875,000 tons annually, strengthening its market position and establishing its dominance in the region. PM5 will enable MEPCO to produce high-quality, low-basis weight paper with energy-efficient technology that reduces operational costs compared to other machines. By closing the gap on the Kingdom's 30% reliance on imported containerboard, PM5 will empower Saudi Arabia to meet its own demand and become a net-positive exporter of paper products. The impact goes beyond numbers: PM5 is set to double MEPCO's revenue and reinforce its leadership in the regional market. It will create new job opportunities, stimulate economic growth, and support local businesses by prioritizing local sourcing and strengthening the domestic supply chain, ensuring that the impact of this project extends beyond MEPCO's factory will divert an additional 500,000 tons of paper waste from landfills every year, raising MEPCO Group's total to 1 million tons of repurposed paper waste annually, a major milestone in advancing the company's circular economy "PM5 is about the impact it brings to the whole value chain. Doubling our production capacity will significantly boost MEPCO's revenue and create new job opportunities across the value chain. With PM5, we are introducing low-basis weight paper, a first of its kind in the region, offering superior quality and a competitive alternative to imports. Our focus remains on sustainable growth, combining innovation and operational excellence to drive both economic and environmental progress."Added:" PM5 marks a transformative leap for MEPCO and Saudi Arabia's paper industry. This investment expands our capacity, strengthens the national supply chain, and drives the Kingdom's shift from importer to net-positive exporter, reinforcing Saudi Arabia's global competitiveness. It's a bold step that aligns with Vision 2030, accelerating economic diversification and advancing sustainability."
Trade Arabia
03-03-2025
- Business
- Trade Arabia
Mepco expansion to double paper production
The Middle East Paper Manufacturing and Production Company (Mepco), a leading paper industry company in the region, has laid foundation for its fifth paper production line (PM5), the largest of its kind in the Middle East. The project is being managed by Al Tadweer Al Akhdar, a fully-owned subsidiary of Mepco, dedicated to advancing innovative and sustainable paper production solutions. The new production line (PM5) will double Mepco's total production capacity from 425,000 tons to 875,000 tons annually, strengthening its market position and establishing its dominance in the region. This milestone marks a new era for the company by expanding capacity while introducing a product never before produced in the region, the company said. PM5 will enable Mepco to produce high-quality, low-basis weight paper with energy-efficient technology that reduces operational costs compared to other machines. This cost-effective alternative will eliminate the need for regional buyers to rely on imports, offering a competitive, locally-produced solution. By closing the gap on the Kingdom's 30% reliance on imported containerboard, PM5 will empower Saudi Arabia to meet its own demand and become a net-positive exporter of paper products. But the impact goes beyond numbers, the company said, highlighting: • Economic Growth: PM5 is set to double Mepco's revenue and reinforce its leadership in the regional market. It will create new job opportunities, stimulate economic growth, and support local businesses by prioritizing local sourcing and strengthening the domestic supply chain, ensuring that the impact of this project extends beyond Mepco's factory walls. • Sustainability: PM5 will divert an additional 500,000 tons of paper waste from landfills every year, raising Mepco Group's total to 1 million tons of repurposed paper waste annually, a major milestone in advancing the company's circular economy efforts. Eng Faisal Alawi Haddawi, Group President of Mepco, commented: "PM5 is about the impact it brings to the whole value chain. Doubling our production capacity to 875,000 tons annually will significantly boost Mepco's revenue and create new job opportunities across the value chain. With PM5, we are introducing low-basis weight paper, a first of its kind in the region, offering superior quality and a competitive alternative to imports. Our focus remains on sustainable growth, combining innovation and operational excellence to drive both economic and environmental progress." Musab Sulaiman Al-Muhaidib, Chairman of the Board of Directors of Mepco, added: "The launch of PM5 marks a transformative leap for Mepco and Saudi Arabia's paper industry. This investment expands our capacity, strengthens the national supply chain, and drives the kingdom's shift from importer to net-positive exporter, reinforcing Saudi Arabia's global competitiveness. It's a bold step that aligns with Vision 2030, accelerating economic diversification and advancing sustainability.' –
Zawya
03-03-2025
- Business
- Zawya
Saudi's Mepco expansion to double paper production
The Middle East Paper Manufacturing and Production Company (Mepco), a leading paper industry company in the region, has laid foundation for its fifth paper production line (PM5), the largest of its kind in the Middle East. The project is being managed by Al Tadweer Al Akhdar, a fully-owned subsidiary of Mepco, dedicated to advancing innovative and sustainable paper production solutions. The new production line (PM5) will double Mepco's total production capacity from 425,000 tons to 875,000 tons annually, strengthening its market position and establishing its dominance in the region. This milestone marks a new era for the company by expanding capacity while introducing a product never before produced in the region, the company said. PM5 will enable Mepco to produce high-quality, low-basis weight paper with energy-efficient technology that reduces operational costs compared to other machines. This cost-effective alternative will eliminate the need for regional buyers to rely on imports, offering a competitive, locally-produced solution. By closing the gap on the Kingdom's 30% reliance on imported containerboard, PM5 will empower Saudi Arabia to meet its own demand and become a net-positive exporter of paper products. But the impact goes beyond numbers, the company said, highlighting: • Economic Growth: PM5 is set to double Mepco's revenue and reinforce its leadership in the regional market. It will create new job opportunities, stimulate economic growth, and support local businesses by prioritizing local sourcing and strengthening the domestic supply chain, ensuring that the impact of this project extends beyond Mepco's factory walls. • Sustainability: PM5 will divert an additional 500,000 tons of paper waste from landfills every year, raising Mepco Group's total to 1 million tons of repurposed paper waste annually, a major milestone in advancing the company's circular economy efforts. Eng Faisal Alawi Haddawi, Group President of Mepco, commented: "PM5 is about the impact it brings to the whole value chain. Doubling our production capacity to 875,000 tons annually will significantly boost Mepco's revenue and create new job opportunities across the value chain. With PM5, we are introducing low-basis weight paper, a first of its kind in the region, offering superior quality and a competitive alternative to imports. Our focus remains on sustainable growth, combining innovation and operational excellence to drive both economic and environmental progress." Musab Sulaiman Al-Muhaidib, Chairman of the Board of Directors of Mepco, added: "The launch of PM5 marks a transformative leap for Mepco and Saudi Arabia's paper industry. This investment expands our capacity, strengthens the national supply chain, and drives the kingdom's shift from importer to net-positive exporter, reinforcing Saudi Arabia's global competitiveness. It's a bold step that aligns with Vision 2030, accelerating economic diversification and advancing sustainability.' Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
03-03-2025
- Business
- Zawya
MEPCO lays the foundation for PM5
PM5 will double MEPCO's annual production capacity to 875,000 tons of paper. The project will bridge the 30% import gap, advancing Saudi Arabia's Vision 2030 net-export strategy. With the new production line, recycled paper waste will reach one million tons annually, supporting the production of high-quality paper products. Jeddah, Saudi Arabia: The Middle East Paper Manufacturing and Production Company ('MEPCO'), the leading company in the region's paper industry, announces the laying of the foundation for its 5th paper production line (PM5), the largest of its kind in the Middle East, as part of its strategic plan to strengthen Saudi Arabia's role in the global paper market. The project is being managed by Al Tadweer Al Akhdar, a fully-owned subsidiary of MEPCO, dedicated to advancing innovative and sustainable paper production solutions. The new production line (PM5) will double MEPCO's total production capacity from 425,000 tons to 875,000 tons annually, strengthening its market position and establishing its dominance in the region. This milestone marks a new era for the company by expanding capacity while introducing a product never before produced in the region. PM5 will enable MEPCO to produce high-quality, low-basis weight paper with energy-efficient technology that reduces operational costs compared to other machines. This cost-effective alternative will eliminate the need for regional buyers to rely on imports, offering a competitive, locally-produced solution. By closing the gap on the Kingdom's 30% reliance on imported containerboard, PM5 will empower Saudi Arabia to meet its own demand and become a net-positive exporter of paper products. But the impact goes beyond numbers: - Economic Growth: PM5 is set to double MEPCO's revenue and reinforce its leadership in the regional market. It will create new job opportunities, stimulate economic growth, and support local businesses by prioritizing local sourcing and strengthening the domestic supply chain, ensuring that the impact of this project extends beyond MEPCO's factory walls. - Sustainability: PM5 will divert an additional 500,000 tons of paper waste from landfills every year, raising MEPCO Group's total to 1 million tons of repurposed paper waste annually, a major milestone in advancing the company's circular economy efforts. Eng. Faisal Alawi Haddawi, Group President of MEPCO, Commented: "PM5 is about the impact it brings to the whole value chain. Doubling our production capacity to 875,000 tons annually will significantly boost MEPCO's revenue and create new job opportunities across the value chain. With PM5, we are introducing low-basis weight paper, a first of its kind in the region, offering superior quality and a competitive alternative to imports. Our focus remains on sustainable growth, combining innovation and operational excellence to drive both economic and environmental progress." Musab Sulaiman Al-Muhaidib, Chairman of the Board of Directors of MEPCO, Added: "The launch of PM5 marks a transformative leap for MEPCO and Saudi Arabia's paper industry. This investment expands our capacity, strengthens the national supply chain, and drives the Kingdom's shift from importer to net-positive exporter, reinforcing Saudi Arabia's global competitiveness. It's a bold step that aligns with Vision 2030, accelerating economic diversification and advancing sustainability. About MEPCO: Middle East Paper Company (MEPCO) (Tadawul: 1202) is a leading publicly listed paper manufacturer in Saudi Arabia, specializing in containerboard and specialty paper products. With an annual production capacity of 425,000 tons, soon to reach 875,000 tons with the introduction of PM5, MEPCO exports to over 40 countries, leveraging its strategic location near Jeddah Sea Port for efficient global distribution. Committed to sustainability, MEPCO sources raw materials through its subsidiaries: Waste Recycling and Collection Co. (WASCO) and Estidama for Environmental Services, a joint venture between WASCO and Jeddah Development and Urban Regeneration Company. These partnerships drive MEPCO's efforts in environmental preservation, waste recycling, and economic growth. In 2024, the Public Investment Fund (PIF) acquired a 23.08% stake, reinforcing confidence in MEPCO's industry leadership and future growth.
