Middle East Paper Co. (MEPCO) CEO Faisal Haddawi
Growth will be driven by strong and rising domestic demand, supported by national efforts to boost local manufacturing and reduce reliance on imports.
Haddawi told Argaam the new TM6 production line will be a game changer, doubling the output of MEPCO’s Juthor plant, which specializes in tissue paper production, from 60,000 to 120,000 tons annually.
He added that this expansion will help meet rising demand for tissue products in local and global markets. It will also broaden MEPCO’s product range, enhance competitiveness, and open new export opportunities in line with Vision 2030.
The CEO said the TM6 project involves a total investment of SAR 345 million, financed through a mix of funding sources, including MEPCO’s capital increase backed by the Public Investment Fund (PIF), bank facilities, commercial loans, and government programs supporting industrial development.
Haddawi added that, as part of the company’s strategy, MEPCO plans to raise exports from 12% to 25% of total output, which will expand its presence in regional and international markets and support Saudi Arabia’s Vision 2030 goal of increasing non-oil exports.
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