Logo of Saudi Paper Manufacturing Co.
Saudi Paper Manufacturing Co. (SPMC) finalized the installation of all machines and trial operations, and launched operations at its Kuwait-based Al-Juthoor Paper Tissue Manufacturing Plant as power was connected.
The project was 100% complete, the paper manufacturer said in a statement to Tadawul, adding that the delay was attributed to the Kuwaiti government measures and paperwork required for the power supply.
SPMC expected a positive impact on its financial statements, the company added.
Last October, the Tadawul-listed company expected to commence operations at the plant in November 2021, Argaam earlier reported.
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