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MEPCO inks SAR 123m deal with Italy’s Toscotec for new production line

MEPCO inks SAR 123m deal with Italy’s Toscotec for new production line
The project will be funded through loans from banks and the Industrial Development Fund.
MEPCO
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Riyadh – Mubasher: Middle East Paper Company (MEPCO) announced signing an engineering and supply agreement for tissue paper rolls production line with Italy’s Toscotec as part of the project to establish a factory for the production of raw tissue rolls in King Abdullah Economic City.

The deal is valued at SAR 123 million and the project will be funded through loans from banks and the Industrial Development Fund, according to a bourse filing on Thursday.

The project will have an annual production capacity of 60,000 tonnes of tissue paper rolls. Moreover, it will expand and develop MEPCO’s operational model and diversify its products.