Gulf Holding Company (GHC) is implementing the third and final phase of its subsidiary Gulf Cement factory which will have a capacity of 5000tpd, company officials announced yesterday at a Press Conference held at the Millennium Hotel here.
“The upcoming Gulf Cement Company is expected to begin operation of its cement mills by the end of the first quarter of 2009 for grinding imported clinker,” said Dr Omar Ibrahim Yagi, GHC General Manager. “The company has plans to increase production in the future by setting up two additional production lines of 5000tpd capacities each.”
GHC also announced its financial results for the first half. Its profit for the first half was QR43.5m compared to QR13m for the same period last year.
Qatar is witnessing a boom in all areas, particularly in construction and real estate business. This has led to the increase of demand for cement to about 25,000tpd, officials said.
The shortage of cement the local market is witnessing is due to a global supply crisis. Many cement export companies have suspended exports to fulfill the local demand. GCC countries, Qatar in particular, have received international acclaim and generated interest in the market here due to the rapid development and new building projects, said Yagi.