‎MEPCO’s paper tissue factory to duvet 20% of Kingdom’s demand, designate no longer going to notify no: CEO

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Sami Al Safran, CEO of Center East Paper Co.


Sami Al Safran, CEO of Center East Paper Co. (MEPCO), mentioned that the Saudi market imports about 60% of the needs of tissue paper, including that the company’s contemporary paper tissue factory will duvet about 20% of native demand.


 

Talking in a video interview with Argaam, Al Safran indicated that the company plans to birth trial manufacturing of the factory within the first quarter of 2023, and will test to birth industrial operation within the first or 2d quarter of the identical year.

He pressured out that paper merchandise from Saudi factories are of high quality, which is contrary to the low specifications and quality of merchandise imported from in another country markets.


 

The CEO mentioned: “Per the disruptions within the provision chains and the political disaster in Ukraine, we attain no longer predict a lower in prices, as we noticed on the birth of March an enlarge within the costs of paper merchandise in European factories at a rate of $100-150 and up to $300 for some merchandise”.


 

Global prices will probably enjoy an influence on the costs of paper within the native market. MEPCO’s monitoring of costs in those markets to present the superb designate serves both the individual and enterprise, in accordance with Al Safran.


 

The CEO mentioned that MEPCO currently has healthy stages of stockpiles, indicating that the arena off of sustaining the company’s stock prices is attributable to its subsidiary Wasco, which presents numerous the raw materials to it, whereas 10-20% of raw materials are imported from in another country and are plagued by global prices.