Establishment of Industrial Development Company s.a.l (INDEVCO Group) in Ajaltoun, Lebanon.
Establishment of UNIPAK Tissue Mill (UTM), a division of Union Packaging Corporation (UNIPAK), in Halat Lebanon.
Installation of the first tissue machine, PM1 in April.
Expansion of UTM in August and the installation of the second tissue machine, PM2.
Establishment of INDEVCO Paper Making (IPM) in Halat, as a division of INDEVCO Group.
Establishment of Interstate Paper Industries (IPI) in Sadat City, Egypt, as a member of IPM.
Installation of the third machine, PM3 in June.
Installation of the fourth tissue machine, PM4 in March.
Relocation of PM2 from UNIPAK Tissue Mill to Interstate Paper Industrues, in Sadat City, Egypt.