Demand for Napco products returns to pre-COVID levels: Exec

Abdul Rahman Al-Moaibed, Strategy Office Consultant at Napco National Co.

Abdul Rahman Al-Moaibed, Strategy Office Consultant at Napco National Co., said demand for the company’s products returned to pre-pandemic levels and prices have normalized.

Demand for Napco’s products in the petrochemical sector is deemed steady. However, in the consumer sectors, demand depends on market conditions, declining in the last few years due to some financial and geopolitical factors, he told Argaam on the sidelines of the seventh edition of the Future Investment Initiative (FII) Summit.

The company’s market share ranges between 30% and 35% in all paper and plastic products, Al-Moaibed added, noting that products in focus by Napco serve all sectors, especially petrochemicals, he further stated.

Headquartered in Dammam, Napco was established in 1957. It operates in plastics and flexible packaging, the manufacturing of cardboard, plastics, foil and diapers as well as the recycling of plastic waste, Argaam’s data showed.