MEPCO starts commercial production at recycling unit

30/09/2015 Argaam

Middle East Paper Co. (MEPCO) began commercial production at its paper recycling unit in Jeddah on September 29 following its successful tests, the company said in a statement to Tadawul.

 

MEPCO said the total investment in the project amounted to SAR 63.6 million; 50 percent of which was financed by Saudi Industrial Development Fund (SIDF), 15 percent through a Murabaha facility, while 35 percent was financed through the company’s own resources.

 

The company expects to see a positive financial impact from the project-- which will help cut raw material cost by up to 2 percent—by the third quarter of 2016.

Project Details

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.