
-
7,768
TONS
Shorouk Total Volumes Sold (1Q21)
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33,984
TONS
Duplex Board Volumes Sold (1Q21)
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7,174
TONS
Baddar Boxes Volumes Sold (1Q21)
As the founder of National Printing Company, one of Egypt’s largest producers of packaging and printing products, Qalaa Holdings is building capacity and accelerating its exposure to a promising new sector with investments of more than USD 60 million to date.
National Printing Company was originally established in 2006 under Qalaa’s mid-cap investments company, “Grandview.” Since then, it has worked to expand its product range with the strategic acquisitions of Shorouk for Modern Printing and Packaging in 2006, and El Baddar for Packages in 2007. The two back-to-back acquisitions allowed the company to immediately start producing corrugated cartons and various types of boxes as part of its product range. The company also owns 46.4% of Uniboard, an environmentally sustainable subsidiary of Shorouk that produces duplex boards using waste paper.
National Printing Company is c.53% owned by Grandview, which is subsequently 48% owned by Qalaa Holdings. QH began consolidating Grandview in 1Q18 as a result of the company’s strong financial position and impressive operational expansion.