Qatar National Cement Company (QNCC) yesterday said the domestic cement demand is expected to surge to 25,000tpd by next year due to large projects coming up in the country.
QNCC, whose major business include the government projects, is also setting up a calcium carbonate plant at an estimated cost of QR40m, according to senior officials.
Presently, cement demand stands at 15,000tpd. Globally there has been a 30% drop in demand due to real estate slump and other reasons brought about by the global financial contagion, according to QNCC production manager Kamal Khatib.
“It [cement demand] will get back to 25,000tpd after December (2010) because of the major projects announced by the government,” Khatib said on the sidelines of a function to analyse the first-half results, which showed a marginal one per cent rise in net profit to QR256.79m.