Latest news with #MEPCO
Arab News
30-06-2025
- Business
- Arab News
Juthor breaks ground on $92m tissue factory at KAEC
Juthor Paper Manufacturing Co., a subsidiary of Middle East Paper Co., one of the largest paper manufacturers in the Middle East and North Africa region, has broken ground on TM6, its second high-capacity production line for tissue manufacturing at King Abdullah Economic City, near Jeddah. The groundbreaking ceremony welcomed distinguished representatives from different government and private entities including MODON and Economic Cities and Special Zones Authority along with the Juthor and MEPCO senior leadership teams. With a total investment of SR345 million ($92 million), TM6 will significantly expand Juthor's manufacturing output, increasing annual capacity to 120,000 tonnes and operating at a speed of 2,100 meters per minute. TM6 supports Saudi Arabia's Vision 2030 by advancing local manufacturing, reducing reliance on imports, creating skilled jobs, and adhering to world-class environmental standards. Andritz AG, an Austria-based international technology group that provides advanced plants, equipment, services, and digital solutions, will manufacture, supply, and install the facility, over a 24-month period. Commenting on the launch, Musab Al-Muhaidib, chairman of the board at MEPCO Group, said: 'The launch of TM6 is a testament to our unwavering belief in Saudi Arabia's industrial future. As we align with Vision 2030, this expansion strengthens our role in enabling local manufacturing and advancing the Kingdom's self-sufficiency in the tissue sector.' The facility will utilize cutting-edge technology and sustainable manufacturing methods to align with MEPCO's environmental goals, including efficient resource use and minimizing carbon emissions. Faisal Haddawi, group president at MEPCO Group, said: 'At MEPCO Group, we do not simply build capacity — we build value, resilience, and trust. TM6 will accelerate our strategy for sustainable growth while deepening our contribution to the Saudi economy and regional markets.' Juthor remains committed to continuous investment in manufacturing innovation to meet the growing demand for high-quality tissue paper products in the Kingdom and the wider MENA region. The Saudi-based tissue paper manufacturer was established to meet the Kingdom's rising demand for hygiene and paper products.
Argaam
26-06-2025
- Business
- Argaam
MEPCO TM6 line to double Juthor's output to 120,000 Tons: CEO
Middle East Paper Co. (MEPCO) CEO Faisal Haddawi said Saudi Arabia's tissue paper sector is expected to grow 5–6% annually over the coming years. Growth will be driven by strong and rising domestic demand, supported by national efforts to boost local manufacturing and reduce reliance on imports. Hadawi told Argaam the new TM6 production line will be a game changer, doubling the output of MEPCO's Juthor plant, from 60,000 to 120,000 tons annually, which specializes in tissue paper production. He added that this expansion will help meet rising demand for tissue products in local and global markets. It will also broaden MEPCO's product range, enhance competitiveness, and open new export opportunities in line with Vision 2030. The CEO said the TM6 project involves a total investment of SAR 345 million, financed through a mix of funding sources, including MEPCO's capital increase backed by the Public Investment Fund (PIF), bank facilities, commercial loans, and government programs supporting industrial development.
Zawya
26-06-2025
- Business
- Zawya
Juthor breaks ground on TM6: New tissue manufacturing facility at KAEC to boost industrial capacity
TM6 will deliver enhanced output and greater efficiency, raising annual capacity to 120,000 tons KAEC, Saudi Arabia – Juthor Paper Manufacturing Co., a subsidiary of Middle East Paper Co. (MEPCO), one of the largest paper manufacturers in the Middle East and North Africa (MENA) region, has broken ground on TM6, its second high-capacity production line for tissue manufacturing at King Abdullah Economic City (KAEC), near Jeddah. The groundbreaking ceremony welcomed distinguished representatives from different government and private entities like MODON and Economic Cities and Special Zones Authority along with the Juthor and MEPCO senior leadership teams. With a total investment of SAR 345 million, TM6 will significantly expand Juthor's manufacturing output, increasing annual capacity to 120,000 tons and operating at a speed of 2,100 meters per minute. TM6 supports Saudi Arabia's Vision 2030 by advancing local manufacturing, reducing reliance on imports, creating skilled jobs, and adhering to world-class environmental standards. Andritz AG, an Austria-based international technology group the provides advanced plants, equipment, services, and digital solutions, will manufacture, supply, and install the facility, over a 24-month period. Commenting on the launch, Mr. Musab Al-Muhaidib, Chairman of the Board at MEPCO Group, said: 'The launch of TM6 is a testament to our unwavering belief in Saudi Arabia's industrial future. As we align with Vision 2030, this expansion strengthens our role in enabling local manufacturing and advancing the Kingdom's self-sufficiency in the tissue sector.' The facility will utilize cutting-edge technology and sustainable manufacturing methods to align with MEPCO's environmental goals, including efficient resource use and minimizing carbon emissions. Eng. Faisal Haddawi, Group President at MEPCO Group, said: 'At MEPCO Group, we do not simply build capacity — we build value, resilience, and trust. TM6 will accelerate our strategy for sustainable growth while deepening our contribution to the Saudi economy and regional markets.' Juthor remains committed to continuous investment in manufacturing innovation to meet the growing demand for high-quality tissue paper products in the Kingdom and the wider MENA region. About Juthor Paper Manufacturing Co. Juthor Paper Manufacturing Co. is a Saudi-based tissue paper manufacturer and a subsidiary of MEPCO Group. Established to meet the Kingdom's rising demand for hygiene and paper products, Juthor delivers high-quality, environmentally responsible solutions to regional and international markets. Its operations reflect MEPCO's broader vision of industrial leadership, innovation, and sustainability. Media contacts: Abdulaziz Al-Jahdali abdulaziz.j@
Express Tribune
15-04-2025
- Business
- Express Tribune
Consumers to see Rs51.5b power tariff relief
QATPL is a private limited company, wholly owned by the Government of Punjab and incorporated under the Companies Ordinance 1984 on March 25, 2015. The facility will be a thermal IPP using RLNG as the primary fuel and High-Speed Diesel (HSD) as a back-up. PHOTO: AFP Listen to article Consumers are set to receive a relief of Rs51.493 billion on account of the third quarter of fiscal year 2024-25, with NEPRA scheduled to hold a public hearing on April 29, 2025, to consider the requests of ex-WAPDA distribution companies (DISCOs) for these quarterly adjustments. The proposed reductions pertain to capacity charges, transmission charges, market operator fees, variable operation and maintenance costs, the impact of incremental units, and transmission and distribution losses on the monthly fuel cost adjustment (FCA). According to documents, the DISCOs submitted a consolidated request for the JanuaryMarch 2025 quarter, in accordance with NEPRA's notified tariff and approved adjustment mechanism. The net adjustment is negative, indicating a reduction in recoverable costs for most companies. Multan Electric Power Company (MEPCO) submitted the largest reduction request of Rs15.646 billion, followed by Lahore Electric Supply Company (LESCO) at Rs9.077 billion, Gujranwala Electric Supply Company (GEPCO) at Rs7.204 billion, Tribal Areas Electric Supply Company (TESCO) at Rs4.341 billion, Faisalabad Electric Supply Company (FESCO) at Rs4.690 billion, and Quetta Electric Supply Company (QESCO) at Rs2.238 million, Hyderabad Electric Supply Company (HESCO) at Rs3.903 billion, and Sukkur Electric Power Company (SEPCO) at Rs3.494 billion. Islamabad Electric Supply Company (IESCO), in contrast, requested a net positive adjustment of Rs1.762 billion. Capacity charges form a substantial portion of these adjustments. Key figures include MEPCO at Rs14.437 billion, LESCO at Rs7.824 billion, GEPCO at Rs7.204 billion, FESCO at Rs4.254 billion, SEPCO at Rs3.317 billion, HESCO at Rs3.903 billion, QESCO at Rs2.289 billion, and TESCO at Rs4.035 billion. IESCO and Peshawar Electric Supply Company (PESCO) each reported multiple figures for capacity charge adjustments. NEPRA has clarified that under federal policy guidelines, the quarterly adjustment, once determined, will also apply to K-Electric consumers. A public hearing notice invites stakeholders to submit written or oral comments. Relevant regulations and requests are available on NEPRA's website. FCA for March Additionally, consumers of all DISCOs except K-Electric may benefit from a further relief of Rs0.0309 per kilowatt-hour (kWh) as a fuel cost adjustment (FCA) for March 2025. NEPRA has scheduled a separate public hearing on April 29 to deliberate this proposed decrease. The request, submitted by the Central Power Purchasing Agency Guarantee Limited (CPPA-G), proposes reducing the fuel cost component from the reference rate of Rs9.2560/kWh to Rs9.2251/kWh. Under Section 31(7) of the NEPRA Act, NEPRA is empowered to adjust monthly tariffs based on fuel price variations, subject to federal policy guidelines. If approved, the adjustment will be notified in the official Gazette. In March 2025, total energy generation stood at 8,409 GWh. Hydel sources contributed 1,297 GWh (15.42%), local coal 1,393 GWh (16.57%) at Rs12.2408/kWh, and imported coal 545 GWh (6.48%) at Rs17.7377/kWh. No generation occurred using high-speed diesel, while RFO-based generation was 4 GWh at Rs29.5109/kWh. Gas-based generation stood at 979 GWh (11.64%) at Rs11.8982/kWh, and RLNG accounted for 1,528 GWh (18.17%) at Rs23.1144/kWh. Nuclear energy provided the largest low-cost share at 2,223 GWh (26.43%) at Rs1.9999/kWh. Iran supplied 39 GWh at Rs24.9993/kWh. Renewable sources contributed modestly: wind at 230 GWh (2.74%), solar at 120 GWh (1.43%), and bagasse at 51 GWh (0.61%) at Rs5.9822/kWh. Total generation cost Rs79.522 billion, averaging Rs9.4569/kWh. After adjusting for a previous negative FCA of Rs0.3914/kWh (Rs3.291 billion) and energy sales to IPPs of 27 GWh (Rs1.379 billion), net energy delivered to DISCOs was 8,114 GWh.
Zawya
05-03-2025
- Business
- Zawya
Saudi-listed MEPCO breaks ground on $474mln new paper production line
Saudi-listed Middle East Paper Manufacturing and Production Company (MEPCO) has started construction on its fifth paper production line (PM5). The project will be managed by Al Tadweer Al Akhdar, a fully-owned subsidiary of MEPCO, the Saudi-listed company said in a statement on Wednesday. PM5 will double the total production capacity from 425,000 tonnes to 875,000 tonnes annually. In a filing to the Saudi stock exchange in April 2024, the company set the project's final budget at 1.78 billion Saudi riyals ($474.6 million), including land value. The internal rate of return was estimated at 14.5 percent, with completion expected in the fourth quarter of 2027. The new production line will enable MEPCO to produce high-quality, low-basis weight paper with energy-efficient technology that reduces operational costs compared to other machines. PM5 is set to double revenue, create new job opportunities, stimulate economic growth, and support local businesses by prioritising local sourcing and strengthening domestic supply chain, the statement said. Moreover, PM5 will divert an additional 500,000 tonnes of paper waste from landfills annually, raising MEPCO's total to 1 million tonnes of repurposed paper waste annually. (Editing by Anoop Menon) (
