The Filling and Packing Materials Manufacturing Company, abbreviated as FIPCO, is a Saudi joint-stock company established in 1991. With a capital of SAR115 million, it specializes in producing filling and packaging materials. The company's headquarters is in Riyadh, and it is listed on the Saudi Exchange (Tadawul) under the main market with the symbol 2180.
Products and objectives of FIPCO
FIPCO specializes in producing woven polypropylene bags and coated and uncoated low-density polyethylene bags for heavy-duty use. It manufactures large bags, plastic tarpaulins, plastic strapping tapes, plastic cable fillers, plastic threads, mesh bags for packaging fruits and vegetables, woven polypropylene rolls, ethylene liners, and cement bags with side openings. Additionally, it recycles plastic waste.
FIPCO's articles of association outline twelve key objectives that the company pursues, which include the manufacturing industries and their branches as per licenses; electricity, gas, and water and their branches; mining and petroleum and their branches; transport, storage, refrigeration construction, building, contracting, operation and maintenance, trade, information technology, financial and business services, social, community, personal services, agriculture, and fishing.
Production capacity of FIPCO
FIPCO is capable of producing approximately 2,500 t of various products per month. It owns several large factories equipped with the latest industrial technologies and employs around one thousand staff members from thirteen different nationalities. FIPCO sells its products across five continents and exports 38 percent of its sales. FIPCO's products are classified as environmentally friendly.
Related quizzes
Related articles
