Sami Safran, CEO of Middle East Paper Co.
Middle East Paper Co.’s (MEPCO) raw tissue paper rolls production project is 71% completed, Chief Executive Officer, Sami Safran, told Argaam in a statement.
The project will increase the company’s production capacity of jumbo tissue paper rolls by 60,000 tons per annum (tpa).
The project will be 65% financed from the Saudi Industrial Development Fund (SIDF), 25% issued capital and 19% as loans from commercial banks.
The project will expectedly launch operations by H1 2023, Safran added.
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