Middle East Co for Manufacturing and Producing Paper 2023 AR2
The report highlights Middle East Paper Company's (MEPCO) strategic diversification and resilience during the fiscal year 2023, marked by the commercial launch of its Juthor tissue facility. Despite global economic challenges and a decline in sales revenue to SAR 866.75 million, the company achieved record sales volumes and maintained a high operational rate of 90%. MEPCO secured a landmark strategic investment from the Public Investment Fund (PIF), which acquired a 23.08% stake to support future expansion projects like PM5 and TM6. On the sustainability front, the company increased recycled wastewater usage by 71.98% and achieved over 5.4 million safe man-hours without accidents.
Company: Middle East Co for Manufacturing and Producing Paper
Sector: Manufacturing
Country: Saudi Arabia
Year: 2023
Type: AR2
Pages: 106
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Middle East Co for Manufacturing and Producing Paper
Annual Report
The report highlights Middle East Paper Company's (MEPCO) strategic diversification and resilience during the fiscal year 2023, marked by the commercial launch of its Juthor tissue facility. Despite global economic challenges and a decline in sales revenue to SAR 866.75 million, the company achieved record sales volumes and maintained a high operational rate of 90%. MEPCO secured a landmark strategic investment from the Public Investment Fund (PIF), which acquired a 23.08% stake to support future expansion projects like PM5 and TM6. On the sustainability front, the company increased recycled wastewater usage by 71.98% and achieved over 5.4 million safe man-hours without accidents.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Water Consumption
Total Waste
Workplace Fatalities
Employees