November 11, 2024
(press release)
–
18/08/2024 G on the Tadawul website regarding the Board of Directors’ approval of the investment in the Tissue Paper Production Line 6 project (TM6), The Middle East Paper Co. announces its subsidiary (Juthor) has signed a contract with Andritz AG Company for manufacturing, supplying, and installing the main machine for the project.
Element List
Explanation
Introduction
Referring to the company's previous announcement on
Date of Announcement of the Award
2024-11-10 Corresponding to 1446-05-08
Contract Subject Matter
Engineering and Supply and Installation Contract
The Entity with Which the Contract was Signed
Andritz AG company
Date of Signing the Contract
2024-11-10 Corresponding to 1446-05-08
Contract Value
The contract value does not exceed 25% of the total revenue of the Middle East Paper Co. according to the last audited annual financial statement.
Contract Details
Purchase of a complete line of tissue paper production machines with a production capacity of 60 thousand tons per year and a speed of 2100 meters/minute, and the Counterparty in the contract will be responsible for manufacturing, supply, and installation.
Contract Duration
24 months
Financial Impact and the Relevant Period
The financial impact will start from Q4 2026
Related Parties
N/A
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