Shuaiba Industrial Company (SIC) is a leading paper packaging manufacturer in the Middle East . With a base in Kuwait , SIC operates more paper sack plants through Joint Ventures with cement companies.
SIC is a subsidiary of Al – Safwa Group Holding Company which is a well reputed investment company in the state of Kuwait . Shuaiba Industrial Company is listed in the Kuwait Stock Exchange, and has a paid-up capital of Kuwaiti Dinars (KD) 5.57 m (approx USD 19.2m) and a market capitalization of KD 14m (approx USD 48 m). SIC has been going strong in the paper bags business, for the past 29 years and is rated as one of the largest paper bags/sacks producer in the Middle East and North Africa (MENA) region. At present, the customer base is spread over more than 26 countries, with these exports accounting for almost 50 % of total sales, which is in line with the management’s objectives to maintain SIC’s share in the global markets in spite of tough competition.
SIC has joined hands with Yanbu Cement Co (YCC), one of the largest cement plants in Kingdom of Saudi Arabia in a Joint Venture, formed a new company Yanbu Saudi Kuwaiti Paper Products Company Ltd. , with similar multiwall paper sack manufacturing plant for cement & related products. The installed capacity of the plant utilizing the state of the art W&H machines from Germany is 60 million bags per annum.
from the Managing Director / President - SIC Dubai
This is indeed with an immense pleasure and honor that I pen down my message to our company that runs in my blood, SHUAIBA INDUSTRIAL COMPANY, DUBAI.
My deep rooted association and adoring with SIC is for almost 40 years. I have prior experience in working in Austria, Switzerland and India for about 12 years.
SIC is a leading paper packaging manufacturer in the Middle East and is committed to producing wide range of superior quality products with highly competitive prices. As an efficient, prestigious and well reputed organization, SIC has reached the pinnacles of growth and prosperity not only for itself, its shareholders, its associates (employees) but also has contributed significantly towards the fulfillment of its social responsibilities by committing itself towards preserving the environment. We believe in ensuring practices that conforms to all international and local environmental standards.
All achievements would not have been possible without the painstaking efforts and support extended to me by my C.E.O. Mr. Bader Al-Qattan.
In the end I would like to extend my heartiest felicitations to all my associates for their constant endeavors towards the growth, prosperity and reputation building of our organization.
May Almighty Allah bless us all.
S. Farid Ahmed
Managing Director/ President