Displaying items by tag: Qatar

Qatar: Switzerland-based Sika has expanded concrete admixture production capacity at it Doha admixture plant. The company has also announced the start of epoxy resin production in the country. It says that its present investments target growth to serve the expanding regional construction market. Numerous major projects and the expansion of energy and utilities infrastructure have driven a growing demand. Qatar’s state sourcing policy further increases consumption of building materials produced in the country.

Europe, Middle East and Africa regional manager Ivo Schädler said "Our latest investment in Qatar positions us for continued growth and strengthens our competitiveness in the country. In expanding our production, we are anticipating a substantial increase in demand and volumes for our high-value adhesives and flooring solutions. Our building sector customers will benefit from an expanded and locally produced portfolio of Sika solutions which, in addition, eliminates long-distance transportation."

Qatar: Qatar National Cement Company recorded a profit of US$19.3m in the first quarter of 2021. Reuters has reported that the figure represents a 29% year-on-year rise from US$14.9m from the same period in 2019. The cement producer reported a 6% year-on-year fall in revenue to US$182m and a 13% fall in net profit to US$40.8m in 2020.

Qatar: Qatar witnessed robust month-on-month cement production growth during September 2020 as the country scaled back its Covid-19 restrictions. Cement production increased by 9.1%. Cement was one of a number of sectors to buck a wider trend of a continued industrial slowdown, according to the Planning and Statistics Authority (PSA). However, the volume of cement produced was 3.1% lower than in September 2019.

Iran: Cement production rose by 14.4% year-on-year to 35.6Mt in the first half of the local calendar year that started in March 2020 from 31.1Mt in the same period in the previous year. The sector exported 5.8Mt of cement with a value of US$128m to 28 countries according to the Mehr News Agency. India, Afghanistan, Russia, Iraq, Qatar, Kenya, Kuwait, Sri Lanka, Pakistan, Armenia, Turkmenistan, Kazakhstan, Azerbaijan, Bangladesh, China and Oman were among the export destinations of cement.

Iran: Data from the Islamic Republic of Iran Customs Administration (IRICA) shows that cement producers exported 5.85Mt of cement in the first five months of the local 2021 financial year, which began on 20 March 2020. The value of cement exports fell by 52% year-on-year to US$128m from US$266m, according to the Tehran Times newspaper. Iraq, Kuwait and Afghanistan were the top destination for the exports. Cement was also sent to India, Russia, Qatar, Kenya, Sri Lanka, Pakistan, Armenia, Turkmenistan, Kazakhstan, Azerbaijan, Bangladesh, China, and Oman.

In its 2020 financial year Iran exported a total of US$7.0bn-worth of building materials and produced 85Mt of cement against a domestic consumption of 65Mt.

Qatar: The Industrial Production Index has recorded a 30% year-on-year decline in cement production in May 2020, caused by a reduction in demand due to the coronavirus lockdown. Production nonetheless grew by 6% month-month in May 2020.

Qatar: Qatar National Cement Company recorded a profit of US$27.5m in the first six months of 2020, down by 32% year-on-year from US$18.8m over the corresponding period of 2019. Sales were US$79.8m, down by 23% from US$104m. The company attributed the decrease to a decline in demand due to the coronavirus outbreak.

Azerbaijan: Akkord Cement has reported sales of 237,000t of cement in the first four months of 2020, up by 20% year-on-year from 197,000t in the same period of 2019. April 2020 sales fell to 31,200t due to the impacts on demand of the coronavirus outbreak. Trend News has reported that Akkord Cement’s 1.0Mt integrated Gazakh cement plant in Ganja region produced 3250t of clinker for export, up by 10% from 2960t in 2019. The company says that it ‘plans to organise exports’ of clinker from the 3300t/day clinker capacity plant to Iraq and Qatar ‘after the country leaves the coronavirus quarantine regime.’ It added, “The export of clinker to Iran in the future is also being considered.”

Qatar: The manufacturing sector of Qatar recorded a 2% month-on-month decrease in activity in February 2020 compared to January 2020. Cement and non-metallic mineral product production decreased by 1.6%.

Qatar: Qatar National Cement Company recorded a net profit of US$35.5m in the nine months to 30 September 2019, down by 41% compared to US$60.1m in the corresponding period of 2018. The depleted profit was ostensibly due to the company increasing its expenditure in expanding its export base to Africa and India.