June 22, 2023
(press release)
–
And the announcement published on 09-04-2023, which includes the latest developments for the project. And the announcement published on 30-05-2023, which includes the launch of the test run). The Middle East Paper Co. (“MEPCO”), the region's leading vertically integrated paper manufacturer is pleased to announce the launch of the commercial production for the manufacturing of Jumbo tissue rolls of its subsidiary (JUTHOR) in King Abdullah Economic City in Rabigh.
Element List
Explanation
Introduction
Reference to the company's announcement on Tadawul platform on 07-12-2020 regarding the Board of Directors' approval of the project to establish a factory for the production of raw tissue paper rolls.
Previous Announcement
Middle East Paper Co. Announces the latest updates in the project of establishing a factory for the production of raw tissue paper rolls (the launch of test run)
Date of Previous Announcement on Tadawul's Website
2023-05-30 Corresponding to 1444-11-10
Percentage of fulfilled achievement
100%
Event's Expected Completion Date
Event is completed
Reasons for Exceeding the Announced End Date
N/A
The costs associated with the event, and if they have changed or not with indication of the reasons.
N/A
Impact of the Delay on the Company's Financial Results
The financial impact of the commercial production is expected to be reflected on the company’s financial results starting from the third quarter of year 2023
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