Filling & Packing Materials Manufacturing Co - Company Profile
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Filling & Packing Materials Manufacturing Co (FIPCO) is a manufacturer of polypropylene packaging (PP) products. It offers various bags and woven polypropylene packaging products including jumbo bag, container liner, fabric bag, small bag, valve bag, cable filler and strapping band, agri twine, and baler twine. It produces Leno bags for the packaging of fruits and vegetables and as protection bags for dried fruits. The company also manufactures agricultural and baler twines for animal feeds and baling grasses. FIPCO offers these bags under different sizes and capacities to its customers. The company’s products find application in industrial, agricultural and for various other general uses. The company owns and operates a manufacturing facility in Riyadh, Saudi Arabia. It has operations across Gulf Cooperation Council (GCC), North America, Asia, Europe, South America, Australia, and China. FIPCO is headquartered in Riyadh, Saudi Arabia.
Headquarters
Saudi Arabia
Address
2nd Industrial Area, P.O.Box 8762, Riyadh, Ar Riyad, 11492
Website
www.fipco.com.sa/en
Telephone
966 1 12652299
No of Employees
128
Industry
Paper and Packaging
Ticker Symbol & Exchange
2180 (SAU)
Revenue (2022)
$63.5M
-8.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
22.4%
(2022 vs 2021)
Market Cap*
$160.4M
Net Profit Margin (2022)
XYZ
34.0%
(2022 vs 2021)
* As of and is in US$
Filling & Packing Materials Manufacturing Co premium industry data and analytics
Products and Services
| Products |
|---|
| Jumbo Bag |
| Big Bag |
| Fabric Bag |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In September, the company entered into an agreement with SAUDI EXIM BANK to benefit from all governmental support initiatives in line with national transformation programs. |
| 2022 | Contracts/Agreements | In May, the company announces signing of financing agreement with the Saudi Industrial Development Fund (SIDF) for SAR15.1 million. |
| 2021 | Contracts/Agreements | In April, the company entered into a banking facility agreement with Bank Albilad to finance the working capital for FIPCO and its subsidiary (FPC). |
Competitor Comparison
| Key Parameters | Filling & Packing Materials Manufacturing Co | Sealed Air Corp | Zhejiang Great Southeast Corp Ltd | AL-Jawad Plastic & PP Factory | INDEVCO Flexible Packaging |
|---|---|---|---|---|---|
| Headquarters | Saudi Arabia | United States of America | China | Saudi Arabia | Lebanon |
| City | Riyadh | Charlotte | Shaoxing | AL Ayoun | Kesrwan |
| State/Province | Ar Riyad | North Carolina | Zhejiang | - | Beirut |
| No. of Employees | 128 | 17,000 | 717 | - | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Faisal Mohammed Al Harbi | Vice Chairman; Managing Director | Executive Board | - | - |
| Abdullah bin Muhammad Alharbi | Chief Executive Officer; Director | Executive Board | 2023 | - |
| Ahmed Abdul Latif Al Barak | Chairman | Non Executive Board | - | - |
| Salah Sabry | Governance and Compliance Manager | Senior Management | - | - |
| Hamza Mahdi Baybars | Executive Vice President - Finance | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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