| 1989 |
Started as a branch of the private enterprise establishments in the Kingdom of Saudi Arabia |
| 1991 |
Started paper manufacturing activities |
| 1992 |
The first paper machine was installed with a production capacity of 16,000 tons per year of jumbo tissue paper rolls |
| 1994 |
The first de-inking plant was installed to treat waste paper and turn it into raw material suitable for tissue machine production |
| 1995 |
The second paper machine was installed with a production capacity of 24,000 tons per year |
| 1996 |
Saudi Recycling Company was established to collect all kinds of waste paper to meet the production needs of the de-inking plant and of third party customers |
| 2001 |
The third paper machine was installed with a production capacity of 30,000 tons per year |
| 2003 |
As part of SPMC's strategy of full integration ,the Saudi Paper Converting Company was established to produce several consumer tissue paper products |
| 2004 |
SPMC began business dealings with Al Madar paper trading based in the United Arab Emirates. Al Madar eventually became a fully-owned subsidiary of SPMC during 2006 |
| 2006 |
SPMC goes public on the Saudi Stock Exchange with a paid-up capital of SR 240 million. |
2007 |
SPMC begins a major strategic expansion program the milestones of
which include
:
-
SRC (one of SPMC's subsidiaries) signed a contract with Riyadh City Governorate valued at around 5 million Saudi Riyals for a period of two years which entitles SRC exclusively to collect waste paper from all areas within Riyadh city.
-
A contract was signed with the Swedish company "METSO" to increase the production capacity of SPMC from 70,000 tons to 125,000 tons per year.
-
Full production in the second de-inking plant, at a cost of 50 million Saudi Riyals with a production capacity of 36,000 tons per year.
-
A decision was made to establish a new paper converting plant in Jeddah at a cost of 36 million Saudi Riyals with a production capacity of 25,000 tons per yea r, in addition to the existing converting plant in the 2nd Industrial Estate in Dammam with a production capacity of 25,000 tons per year.
-
A decision was made to launch the expansion project of the Jeddah-based waste paper collection and sorting plant to double its production capacity to reach 35,000 tons per yea r. The project will cover an area of 30,000 square meters at a cost of 15 million Saudi Riyals.
-
Commencement of the expansion projects of the Saudi Recycling Company (an SPMC subsidiary) both within the Kingdom of Saudi Arabia and abroad in Jeddah Morocco Algeria, Bahrain and Jordan.
|
|
2009 |
Start Running fourth line for paper tissue
production and accessories. |
