April 10, 2023
(press release)
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ELEMENT LIST
EXPLANATION
Introduction
MEPCO announces on JUTHOR project launch to be within the second quarter of 2023, which includes the test run followed by the commercial launch. The total investment cost increased from 338 million Saudi Riyals to 365.5 million Saudi Riyals. JUTHOR project will be producing Jumbo tissue rolls for Facial tissues, Pocket tissues, Napkins, Toilet tissues, Kitchen towels and C – Fold.
Previous Announcement
Middle East Paper Co. Announces establish a factory for the production of tissue and hygienic paper.
Date of Previous Announcement on Tadawul's Website
2020-12-07 Corresponding to 1442-04-22
Percentage of fulfilled achievement
85%
Event's Expected Completion Date
Second quarter of 2023.
Reasons for Exceeding the Announced End Date
Delays of the delivery of the equipment due to worldwide logistics challenges and the interruptions due to Covid-19 pandemic
The costs associated with the event, and if they have changed or not with indication of the reasons.
• Increase in the shipping cost • Worldwide increase in materials prices
Impact of the Delay on the Company's Financial Results
The financial impact will be assessed after start-up
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