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Egypt’s Packaging Paper Market Faces Stagnation

Jamal Al-Saudi, head of the paper division of the Chamber of Printing & Packaging Industries of the Federation of Egyptian Industries (FEI), introduced that the costs of packaging paper was witnessing a decline in opposition to the background of stagnation within the world market and in Egypt’s  bulk wrapping paper phase.

Al-Saudi said that the packaging paper market has been stagnating for the reason that center of final Ramadan. He attributed this to the reduce in manufacturing facility manufacturing of the meals business in addition to different industries that rely on packaging paper on account of the financial instability and diminishing purchases by Egyptian customers.

He revealed that the paper produced by a few of Egypt’s main paper producers like Quena Paper Industry Company and Misr Edfu Paper Company is parchment, used solely in books.

Mostafa Ebeid, a former head of the chamber’s paper division says that the costs of Quena’s paper rose to 27,000 Egyptian kilos, as a result of rise within the costs of imported uncooked supplies and manufacturing necessities which are included within the native paper business.

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