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www.saudipaper.com

2598 Industrial City 2, Unit No.: 2
AD Dammam 34326-7169
Kingdom of Saudi Arabia
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Corporate Milestones



1989 Started as a branch of the private enterprise establishments in the Kingdom of Saudi Arabia
1991 Started paper manufacturing activities
1992
The first paper machine was installed with a production capacity of 16,000 tons per year of jumbo tissue paper rolls
1994
The first de-inking plant was installed to treat waste paper and turn it into raw material suitable for tissue machine production
1995 The second paper machine was installed with a production capacity of 24,000 tons per year
1996
Saudi Recycling Company was established to collect all kinds of waste paper to meet the production needs of the de-inking plant and of third party customers
2001 The third paper machine was installed with a production capacity of 30,000 tons per year
2003
As part of SPMC's strategy of full integration ,the Saudi Paper Converting Company was established to produce several consumer tissue paper products
2004
SPMC began business dealings with Al Madar paper trading based in the United Arab Emirates. Al Madar eventually became a fully-owned subsidiary of SPMC during 2006
2006
SPMC goes public on the Saudi Stock Exchange with a paid-up capital of SR 240 million.

2007
SPMC begins a major strategic expansion program the milestones of which include :

  • SRC (one of SPMC's subsidiaries) signed a contract with Riyadh City Governorate valued at around 5 million Saudi Riyals for a period of two years which entitles SRC exclusively to collect waste paper from all areas within Riyadh city.
  • A contract was signed with the Swedish company "METSO" to increase the production capacity of SPMC from 70,000 tons to 125,000 tons per year.
  • Full production in the second de-inking plant, at a cost of 50 million Saudi Riyals with a production capacity of 36,000 tons per year.
  • A decision was made to establish a new paper converting plant in Jeddah at a cost of 36 million Saudi Riyals with a production capacity of 25,000 tons per yea r, in addition to the existing converting plant in the 2nd Industrial Estate in Dammam with a production capacity of 25,000 tons per year.
  • A decision was made to launch the expansion project of the Jeddah-based waste paper collection and sorting plant to double its production capacity to reach 35,000 tons per yea r. The project will cover an area of 30,000 square meters at a cost of 15 million Saudi Riyals.
  • Commencement of the expansion projects of the Saudi Recycling Company (an SPMC subsidiary) both within the Kingdom of Saudi Arabia and abroad in Jeddah Morocco Algeria, Bahrain and Jordan.
2009 Start Running fourth line for paper tissue production and accessories.

 

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