Almost 39 years of establishment of the company, we have enhanced our capacity in the region through a new manufacturing plant called Shuaiba Industrial Company, JAFZA operating at Jebel Ali Free Zone Authority in United Arab Emirates, a 100% owned by Shuaiba Industrial Company (K.P.S C.).
With a joint venture in KSA as Yanbu Saudi Kuwaiti Paper Products Company Ltd., KSA, it is a Joint venture with Yanbu Cement Company, one of the largest cement Plants in Kingdom of Saudi Arabia, this was established in 2005 and SIC holds a 40% stake of this JV.
Shuaiba Industrial Co. (K.P.S.C.) [SIC] was established with the name 'Shuaiba Paper Products Co.' in 1978, as a pioneering company in the field of mutiwall kraft paper bags. SIC is a well reputed business group in the state of kuwait. Shuaiba Industrial Co. is a listed company in the Kuwait Stock Exchange. At present, the company's Paid up capital is KD 6,444,275/- (approx. US$ 21,771,200/-) and the market capitalisation is approximately KD 16 million (Approx. US$ 60 million). Shuaiba Industrial company is a pioneering company in the field of producing multi-wall virgin Kraft Paper Bags for packing cement & building material products, with state-of-the-art production lines form Windmoller & Holscher, Germany.
In order to maintain the pionnering image Shuaiba Industrial Company has been diversifying into new products and expanding to new coverage areas continuously. Apart from its operation in kuwait, SIC is also operating in the kingdom of SAUDI ARABIA(JV with M/s Yanbu Cement Co.), And a plant in JAFZA, UAE, thus having a combined capacity of more than 360million bags per annum. SIC has also set up two other production DIvision in its Kuwait facility- the Consumer Packaging Division(CPD) & the Flexible Packaging Division.