About National Carton Industry
National Carton Industry is one of the first Palestinian companies to operate in the packaging sector in general, and the carton manufacturing industry in particular.
The company began operations in 1989 as a private company with a capital of 600,000 Jordanian dinars, on the initiative of a group of Palestinian businessmen. In 1993 it became a public shareholding company by attracting additional investments that raised its capital to 5 million US dollars, enabling the company to expand its business and improve the effectiveness of its performance.
The company produces open and closed carton boxes in accordance with international, regional and local quality standards, with Palestinian hands and local expertise accumulated throughout the company's journey of empowerment and development. The company carries out its operations at its headquarters located in the Eastern Industrial Zone of the city of Nablus, where more than 52 employees who hold practical experience and academic degrees work.
The company recognises the importance and effectiveness of its role in supporting the Palestinian economy. It faces obstacles arising from the political and economic fluctuations caused by the national economy's dependence on the Israeli economy, which leads to instability in the national economy. Despite this, the company focuses its efforts on developing all of its operations to meet the needs of the various sectors of industry, agriculture and services for packaging products, in parallel with working to increase shareholders' returns.
Given the company's need to increase the efficiency and effectiveness of its operational and financial processes, in 2012 the Board of Directors took a series of strategic decisions focused on administratively restructuring the company. This led to a notable increase in the volume of operations and raised the company's market share in Palestine compared with competing companies — whether local, Israeli or regional. The company's annual profits and return on investment also rose to acceptable levels according to the standards recognised in this sector.