Displaying items by tag: Qatar National Cement Company
Qatar National Cement’s 2015 first half profit up
31 July 2015Qatar: Qatar National Cement has reported that its profit for the first six months of 2015 rose to US$66.6m form US$65.3m in the same period of 2014, according to MarketLine. Its revenue for the first six months grew to US$160m from US$147m in the first six months of 2014. Its gross profit fell to US$63.3m from US$65.9m in 2014.
Qatar National Cement’s profit up in second quarter
16 July 2015Qatar: Qatar National Cement Company's net profit grew by 2% to US$66.6m for the financial quarter ending 30 June 2015, compared to US$65.3m in the same period of 2014, according to the Qatari news agency.
Qatar National Cement to increase output by 12% in 2015
18 March 2015Qatar: Qatar National Cement Company (QNCC) has announced that it will increase its cement production by 12% in 2015 to over 4Mt/yr. The company's total production was 3.5Mt/yr in 2014, a 3% rise compared to 2013.
"Our two new mills are scheduled to begin operation this year," said Salem Butti Al Naimi, Chairman and Managing Director of QNCC. "The first will commence production from 15 October 2015, while the second is expected to start by the year's end. The whole plant will start running at full capacity by early 2016 producing about 23,000t/day of cement." Al Naimi added that he expects cement demand in Qatar to continue to grow in the coming years ahead of the 2022 FIFA World Cup.
Cement demand drops by 40% in Qatar during Ramadan
21 July 2014Qatar: Domestic cement demand has plunged 40% during Ramadan, which has prompted cement companies to start maintenance work.
Mohamed Al Sulaiti, general manager of Qatar National Cement Company, said that the company has utilised this as an opportunity to conduct maintenance of equipment in its plant. Maintenance work will enable it to meet the busy season starting from mid-August, when demand will increase.
Qatar National Cement Company is setting up a new plant in Umm Bab, Jariyan al Batnah Municipality, which is expected to start production in 2016. The new plant, which is its fifth, is being set up to help the company meet demand of the construction sector. Al Sulaiti said that the capacity would be 5000t/day of clinker and 5500t/day of cement. FCB has been given the contract for setting up the plant.
Qatar National Cement Company to build new cement line
01 April 2014Qatar: Qatar National Cement Company (QNCC) has signed a letter of intent with Fives FCB to build a fifth cement plant line with a clinker production capacity of 5000t/day. Fives FCB and TPF Basse Sambre will work together to finalise the contract documents by the end of April 2014.
The turkey contract has been valued at US$261m. Construction will start after handing over the site on a phased manner, starting with two cement mills which will be delivered after 17 months and 19 months. The overall project will be completed in 27 months.
Fives FCB was also the contractor for the construction of plant lines two, three and four. QNCC's production capacity is expected to rise to 17,000t/day of clinker and its grinding capacity will rise to 20,000t/day.
FLSmidth to supply QNCC cement plant
29 November 2013Qatar: FLSmidth has signed a Letter of Intent with the Qatar National Cement Company (QNCC) for the supply of a cement plant in Qatar. FLSmidth has confirmed that if and when the contract is finalised and becomes binding, the market shall be immediately informed. To be considered binding the contracts, down payments and guarantees must be signed and exchanged.
Qatar National Cement sees marginal improvements
26 April 2013Qatar: Qatar National Cement Company (QNCC) has reported a marginal increase in its net profit to US$308m in the first three months of 2013 despite flat total income. Sales rose by 1% to US$694m while gross profit dipped by 2% to US$317m. Total income was flat at US$354m.
QNCC begins trial at Umm-Bab
08 July 2011Qatar: Trial operations have commenced by the Qatar National Cement Company (QNCC) on its USD6m calcium carbonate plant at Umm-Bab in southern Qatar. QNCC has signed an agreement with the Stream Industrial Engineering Company to build the plant on a turn-key basis. The plant will be specialised in the production of calcium carbonate for use in water treatment operations and is expected to have a production capacity of 250t/day.
QNCC general manager Mohamed Ali al-Sulaiti commented, "There is an agreement with Kahramaa to buy the calcium carbonate for 25 years. For the plant, Ras Girtas power station at Ras Laffan will be one of the supporting stations." He added "QNCC is carefully growing and expanding to play its national role in supporting the infrastructure development in the state, especially after Qatar won the bid for hosting the 2022 FIFA World Cup." Al-Sulaiti further stated that the company has set up two new mills with a planned capacity of 130t/h.