MEPCO to boost capacity to 775,000 t/y by 2018: CEO

13/04/2015 Argaam

Middle East Paper Co. ​(​MEPCO​), a leading paper and board trader in the region, plans to increase ​its ​production capacity to 775,000 ton per ​year by 2018, according to Sami Al-Safran, chief executive officer.

 

The CEO said his company currently​ serves clients based in Egypt, north and east Africa, South Asia, GCC​,​and ​the ​Levant​. It ​has ​also ​recently access​ed​ the British market. 

 
​The Saudi-based company use
​s​ recycled papers collected by its subsidiary Waste Collection & Recycling Co. 
​(​WASCO
) 
as raw material for its production lines.  
 
MEPCO currently has an ongoing
 IPO​, set 
to end this 
​Tuesday; in which it has floated 6 million shares in the local market
. 
 
According to data available on Argaam, the IPO was 177 percent oversubscribed on its fourth day​ yesterday with 480,700 subscribers. 

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