Company Profile
Quena Paper Industry Company is an Egyptian joint stock company established under Investment Law No. 230 of 1989, as amended by Law No. 8 of 1997. It was officially founded on June 15, 1995, by Ministerial Decree No. 347 of 1995. The company is headquartered in Qus City, Qena Governorate, Upper Egypt, and its factory spans 110 acres next to the Qus Sugar Factory to ensure a continuous supply of bagasse as a primary raw material. The company aims to sustainably produce newsprint, printing, and writing paper using environmentally friendly practices. Its annual production capacity reaches 120,000 tons, with an estimated production value of around EGP 800 million per year. Total investments amount to EGP 2.1 billion, including EGP 860 million in local investments and EGP 1.24 billion in foreign investments.
The company uses local raw materials, including bagasse, caustic soda, lime, natural gas or mazut, and other chemical inputs. More than 1,000 skilled workers are employed at the factory, with an annual wage cost of EGP 85 million. The local market demand for writing, printing, and newsprint paper exceeds 500,000 tons annually, with a large portion being imported. QPIC plays a key role in reducing this dependency and supporting Egypt’s paper industry. The company’s authorized capital is EGP 1 billion, while the issued capital amounts to EGP 699 million. Major shareholders include the Holding Company for Food Industries, the National Bank of Egypt, the Sugar and Integrated Industries Company, the National Investment Bank, Misr Insurance Company, and Misr Life Insurance Company.