National Printing

What National Printing does

National Printing Company S.A.E. (NPC) is a Cairo-headquartered printing and packaging platform listed on the Cairo Stock Exchange (ticker: NAPR) and currently launching an IPO in 2025. Founded in 1979 as Shorouk Press by the El Moallem family and formally established as a holding entity in 2005 via a partnership with Grandview Investment, the group operates four core wholly-owned subsidiaries — Shorouk Press (#1 printing and packaging house in Egypt, 50,000 tons/year capacity for duplex and laminated boxes), Uniboard (largest cardboard manufacturer in Egypt and Africa at 150,000 tons/year duplex board capacity from recycled wastepaper), Baddar (~10% Egyptian market share in corrugated sheets and boxes, 50,000 tons/year), and Windsor (paper cups, chemicals, adhesives, varnishes) — together with a minority stake in publishing house Dar Al Shorouk.

The company's products span folded boxes, corrugated boxes and sheets, laminated boxes, paper cups, duplex board, commercial printing services (books, magazines, brochures), paper recycling, and industrial chemicals. Core technology is rooted in printing and packaging manufacturing with a sustainability focus (recycled wastepaper as primary feedstock for duplex board production) and a vertically integrated value chain from raw materials through finished goods. Distribution is anchored by proximity to Alexandria/Dekheila ports, with strategic facility locations across key industrial zones in Egypt.

NPC generates revenue through B2B enterprise sales of customized packaging and printed products, priced per order on a quote basis tied to volume and specifications. The go-to-market relies on a direct sales force targeting multinational corporations in consumer goods, pharmaceuticals, food & beverage, paper, and publishing, supplemented by export operations to 30+ countries (~20% of revenues, 100+ international customers). Cumulative volumes exceed 3.2 billion boxes and 4 billion EGP in sales since 2010, with 650+ customers served across 15+ sectors and 2,500+ employees group-wide.

Name

National Printing

Legal name

National Printing Company S.A.E.

Website

https://nationalprinting.net

Company type

Public

Founded year

1979

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

National Printing is a Cairo-based, publicly listed printing and packaging platform operating four subsidiaries (Shorouk Press, Uniboard, Baddar, Windsor) that produce boxes, duplex board, paper cups, and commercial printing for multinational FMCG, pharmaceutical, food & beverage, and publishing customers across Egypt, MENA, and 30+ export markets.

Ownership category

akta.pro rank

Product category

Packaging Manufacturing

NAICS

Corrugated and Solid Fiber Box Manufacturing (322211), Folding Paperboard Box Manufacturing (322212), Pulp, Paper, and Paperboard Mills (3221), Converted Paper Product Manufacturing (3222)

SIC

Paperboard Containers & Boxes (2650), Paperboard Mills (2631), Commercial Printing (2750)

akta.pro primary industry

Paper & Paperboard Packaging Converting & Finishing (Die-Cutting, Gluing, Windowing, Coating) (IMALACAL)

akta.pro secondary industries

Recycled Containerboard (Testliner) Manufacturing (IMAMAFAB), Folding Carton & Paperboard Packaging Printing (IMALAKAH), Recycled Paperboard & Containerboard (IMAMAKAG)

Keywords

• Printing and packaging
• Paperboard manufacturing
• Duplex board production
• Carton box manufacturing
• Paper cup manufacturing

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Packaging Products Sales: Revenue from manufacturing and selling folded boxes, corrugated boxes, laminated boxes, and carton boxes. Primary revenue stream with diversified product portfolio serving multiple industries including food & beverage, consumer goods, and pharmaceuticals.
2. Paper Products Sales: Sales of paper cups, paper sheeting, single face sheets, and paper recycling services
3. Printing Services: Commercial printing services including books, magazines, brochures, and printing of laminated boxes and duplex boxes
4. Industrial Materials: Sales of adhesives, varnishes, and sheeter adhesives to printing industry and internal consumption
5. Duplex Board (Uniboard): Production and sale of duplex board/craft paper to internal subsidiaries and external market. Annual production capacity of 150,000 tons, supplying majority of Egypt's annual market demand for duplex boards

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

National Printing manufactures and supplies printed packaging products for industrial customers. Its vertically integrated operations convert recycled wastepaper into duplex board, which is then used to produce cardboard, carton boxes, paper cups, and other packaging goods sold to enterprises in FMCG, pharmaceutical, food & beverage, and related sectors.

Product overview

National Printing Company (NPC) is a leading printing and packaging platform across Egypt, Africa, and the MENA region, operating as a strategic holding entity. The company operates four main subsidiaries: Shorouk Press (the #1 printing and packaging house in Egypt producing duplex boxes, laminated boxes, and books with 50,000 tons capacity), Uniboard (the largest cardboard manufacturer in Egypt and Africa producing duplex board with 150,000 tons capacity), Baddar (manufacturer of corrugated sheets and boxes with 50,000 tons capacity), and Windsor (manufacturer of paper cups, chemicals, and varnishes). The Group serves more than 15 sectors with products including folded boxes, corrugated boxes, laminated boxes, paper cups, and provides printing services, paper recycling, and book/magazine production. With achievements exceeding 3.2 billion boxes produced and 4 billion EGP in sales, the company provides comprehensive printing and packaging solutions from raw materials to finished products.

Differentiator

Problem solved

Functional benefit

Products and services

• Duplex board Duplex board manufactured from recycled wastepaper, used as a core substrate for packaging production and sold to converters and packaging buyers.
• Cardboard Cardboard products manufactured for industrial and consumer-goods packaging applications.
• Carton boxes Printed and unprinted carton boxes supplied to FMCG, pharmaceutical, food & beverage, and industrial customers.
• Paper cups Disposable paper cups for food service and beverage customers.
• Printed packaging products (general) Broad range of printed packaging products serving FMCG, pharmaceutical, food & beverage, and industrial sectors.

Quantifiable outcome

• Shorouk Press holds #1 market share in Egypt's printing and packaging market
• +4 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators14 records

Recent moves11 records

Expansion highlights4 records

Broad incumbents

• Mondi Group: Global packaging and paper group with leading positions in containerboard, corrugated packaging, and specialty kraft paper. Comparable to NPC's Uniboard and Baddar operations; both produce containerboard and convert it into corrugated boxes for FMCG and industrial customers.
• Sappi Limited: Global paper and packaging producer with significant operations in Africa and Europe. Comparable to Uniboard's paperboard manufacturing capabilities and to NPC's broader folding/carton product portfolio serving global brands.
• International Paper: Global leader in containerboard, corrugated packaging, and paper. Operates in MENA/Africa and competes for the same enterprise packaging contracts; comparable vertical integration from pulp/paper to converted boxes mirrors NPC's Uniboard-to-Shorouk chain.
• DS Smith: UK-based global packaging company specializing in corrugated and plastic packaging with growing international footprint. Comparable to Baddar's corrugated sheets and boxes business and to Shorouk Press's folding carton offerings, particularly for FMCG and e-commerce customers.
• Tetra Pak: Global leader in paper-based liquid packaging (cartons for dairy, juice, food). Comparable to NPC's laminated boxes and folding carton capabilities (Shorouk Press) and serves overlapping food & beverage customers, though Tetra Pak focuses on liquid packaging specifically.
• Smurfit Kappa: World's largest integrated corrugated packaging producer with growing MENA/Africa presence. Directly comparable in corrugated boxes and folding cartons; competes for the same multinational FMCG contracts that drive Baddar and Shorouk Press volumes.
• Huhtamaki India / Huhtamaki Global: Global food and consumer goods packaging company with strong presence in paper cups, folding cartons, and corrugated packaging. Comparable to NPC in paper cup production (Windsor) and folding/laminated box offerings (Shorouk Press), and targets overlapping FMCG customers.

Regional players

• Middle East Paper Company (MEPCO): Saudi Arabia-based containerboard and packaging paper manufacturer. Highly comparable as a regional paper and packaging producer serving the MENA market with comparable product mix (containerboard, folding cartons) and similar end-market exposure to FMCG and industrial customers.
• Misr Edfina for Paper Industry: Egyptian paper and packaging producer operating in the same domestic market as NPC. Directly comparable in corrugated and folding carton production for FMCG customers; represents the most direct head-to-head competitor within Egypt.
• Arabian Printing & Packaging (ARPP) / similar Gulf converters: Regional printing and packaging converters in the Gulf/MENA that compete with NPC for export customers across packaging, folding cartons, and commercial printing. Direct overlap in duplex boxes, laminated boxes, and book/magazine printing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Printing