FIPCO secures GOLD TEIR for supporting local content

Logo of Filing and Packing Materials Manufacturing Co. (FIPCO)

Filing and Packing Materials Manufacturing Co. (FIPCO) successfully obtained the “GOLD TEIR” of SAUDI MADE among other seven national companies contributing to the local content, according to Tadawul website.

This was disclosed during the 2nd edition of the Local Content Forum held from Nov. 20-22 in Riyadh.

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The Local Content and Government Procurement Authority (LCGPA), in collaboration with the Saudi Made Program, developed the Gold TEIR. This accolade is offered as a recognition for distinguished national companies for the development of local content and support of a sustainable national economy, in line with the objectives of the National Strategy for Industry to serve the goals of Vision 2030.

FIPCO also ranked first in the private sector category, winning the Excellence Award in Local Content for Large Establishments in the Industrial and Mining Sector from LCGPA, which was previously announced on Tadawul website on Feb. 18, 2024.

This reflects the company's keenness to play its role towards society and its contribution to achieving the goals of the wise leadership through raising the proportion of local content in the national economy.

Since the local content is one of the most prominent standards that are considered in corporate evaluation, FIPCO developed a strategic plan and harnessed all available capabilities to increase its local content score. It also seeks to boost its exports and those of its subsidiaries through exhibiting the main products in the specialized trade shows amid the great support of Saudi Export Development Authority and EXIM Bank.

FIPCO also aims to achieve the highest possible benefit from all initiatives and programs offered by government agencies through the “Vision Programs Achievement Committee,” which was formed by the company’s executive management, in line with the board of directors’ strategy.

The Excellence Award and the “GOLD TEIR”, along with the Saudi Quality Mark received by a large number of the company and subsidiary’s products, will enhance customer confidence, achieve the company’s marketing goals, and contribute effectively to penetrating new regional and global markets.

FIPCO will continue to implement and support initiatives that increase its local content score through recruiting Saudi skilled people and investing in research and development initiatives. In addition, it will save no efforts to ensure that these awards become an achievement secured occasionally.