Project Description
The project consists of doubling the Company's current capacity (4,500 tons per annum) to meet the increasing demand for plastic laminas for greenhouses and for printing and packaging material. The project also involves launching a full recycling production line which would make the plant contribute to the protection of the environment.

Project Sponsors

Daboul & Sayed Co. for Printing and Packaging is a partnership that was established in 1992 between two Syrian businessmen. The company commenced its activity with printed shopping bags in addition to shrink rolls and sanitary napkins sacks. In 1993, it started to produce plastic laminas used in greenhouses and in 1996, it undertook an expansion of all its facilities.

Project Location

The plant is located in Sbineh, a suburb area of Damascus, Syria.

Project Cost

Total project cost is estimated at US$9.3 million

ICD's Role and Developmental Impact

ICD extended an installment sale financing of US$3.8 million to cover the cost of printing machines and the recycling unit. The project has a clear developmental impact stemming from its import substitution and job creation potential and the introduction of state-of-the-art technology for the production (for the first time in Syria) of three-layer plastic laminas that are used in greenhouses. In addition the Company has a strong track record in achieving continuous growth, high profitability, and strong presence in the local market.