Page 12 - PWM2024_September Ebook

NEWS GCC/LEVANT/AFRICA

Inaugural Saudi Paper & HP Inc. reports
rise in revenue

Packaging Expo 2025 HP’s printing net revenue

was $4.1 billion, down 3%
year-on-year with a 17.3%
Attracting over 14,000 sectors in Saudi Arabia. operating margin. Though
industry professionals across Manufacturers, suppliers, the consumer printing net
three days, the inaugural edi- and innovators will come revenue showed an uptick of
tion of Saudi Paper & together to showcase their 2% year-on-year to $293 mil-
Packaging Expo, co-located latest products, technologies, lion, the net revenue of the
with Saudi Signage & and solutions, highlighting firm’s commercial printing
Labelling Expo, will be held division was down 5% at
at the Riyadh International the developments that shape $1.15 billion. Supplies net
Convention & Exhibition the future of the paper and revenue was down 2%.
Center (RICEC) from 20-22 packaging industry,” com-
May 2025. ments Muhammed Kazi, While total hardware units
Organized by the UAE- senior vice president, dmg were down 2%, commercial
based global exhibitions and It will be held at Riyadh International Convention & Exhibition Center events. printing units fell 4%, with
publishing company dmg demand for sustainable and forecast period. “The significant success of flat revenue growth for con-
events, the dual events will eco-friendly packaging solu- The upswing is attributed the inaugural Saudi Signage sumer printing units. HP’s
provide important platforms tions, the paper manufactur- to the growth of the e-com- & Labelling Expo, launched Personal Systems net reve-
to expand business pros- ing and packaging sectors in merce sector and increased in 2023, demonstrated the nue was $9.4 billion, up 5%
pects, showcase innovative Saudi Arabia are experienc- consumer awareness regard- demand for such platforms. year-on-year, with a 6.4%
products that will reshape ing significant growth. The ing sustainable packaging, in We are confident that the operating margin. Consumer
the industry, and engage in a Saudi paper and cardboard addition to the initiative of PS net revenue was down 1%
vibrant networking environ- packaging market, currently Saudi Vision 2030. addition of the paper and and Commercial PS net reve-
ment, bringing together key estimated around $2.22 bil- “We confirm the launch of packaging manufacturing nue was up 8%. Total units
decision makers and industry lion is expected to reach Saudi Paper & Packaging sectors will enhance the were up 1% with Consumer
players. $2.84 billion, at a CAGR of Expo to support the growth value we offer to both exhibi- PS units down 6% and
Fuelled by the rising 4.24% during the 2024-2029 and development of these tors and visitors,” adds Kazi. Commercial PS units up 6%.
BOBST confirms participation Canon unveils A2

at Propak West Africa desktop printer

Canon Europe has
Leading printing and announced the release of the
packaging solutions pro- highly anticipated image-
vider BOBST has confirmed PROGRAF PRO-1100, a flag-
participation at the upcom- ship A2 model from the
ing Propak West Africa to be desktop inkjet professional
held in Lagos, Nigeria, from printer range. Designed spe-
10-12 September, 2024. cifically for professional pho-
Automation, connectivity, tographers and serious imagePROGRAF PRO-1100
digitalisation, and sustaina- enthusiasts, the imagePRO- breathtaking depth and
bility will be the buzz words GRAF PRO-1100 is engi-
at the BOBST stand during BOBST confirmed participation at the upcoming Propak West Africa neered to deliver exceptional detail, capturing the subtlest
the 11th edition of West industry is driven by con- experts from across its fold- photo quality and durability. nuances in photography.
Africa’s largest packaging, nectivity, digitalisation, ing carton, corrugated, flex- The printer sets new stand- The printer’s advanced ink
plastics, print, food process- automation, and sustaina- ible packaging, and label ards in photo printing, fea- technology ensures remarka-
ing, and labelling exhibition bility,” says Mohamed business units will discuss turing LUCIA PRO II, a ble light fastness and scratch
to be held at the spectacular H a s s a i r i, R e g i o n a l the future of packaging pro- newly developed pigment ink resistance, allowing high-
beachfront Landmark M a r k e t i n g & duction with interested visi- for the series. Offering quality printed works to be
tors. “We are fulfilling our
Centre. Communications Manager industry vision to ‘shape the appreciated and preserved
BOBST will showcase the BOBST Africa & Middle future of packaging world’ unparalleled image quality
latest innovations and stra- East and Turkey/Caucasus. with solutions that empower with a wider spectrum of col- for decades to come, with
tegic partnerships. “Our As one of the major exhibi- printers and converters,” our compared to the existing light resistance up to 200
commitment to shaping the tors among a list of around BOBST Group CEO Jean- imagePROGRAF PRO-1000 years – perfect for archival
future of the packaging 250 companies, BOBST Pascal Bobst. model, it delivers prints with and documentary purposes.
10 PrintWeek MENA September 2024 www.printweekmena.com