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Saudi Paper Group signs $80m machine deal with Toscotec

The Saudi Paper Manufacturing Co. has lately signed a SR300-million ($80 million) deal to buy a tissue paper manufacturing machine for its fifth manufacturing line from Italian agency Toscotec.

Through the settlement, the corporate goals to increase its manufacturing capability for uncooked tissue paper rolls from 130,000 tons to 190,000 tons, in keeping with a bourse submitting.

The firm mentioned the settlement will increase its market share in addition to help exports to different international locations and the Middle East as a part of the 2030 plan.

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