Cement News tagged under: Qatar
Qatar National Cement reports 32% fall in profit23 July 2020, Published under Cement NewsQatar National Cement has reported a 31.8 per cent YoY decline in net profit to QAR68.3m (US$18.76m) for the first half of 2020, compared to QAR100.1m in the year-ago period. The company also saw revenue fall 23 per cent YoY to QAR290.6m from QAR377.3m. |
Qatar's cement production falls in May22 July 2020, Published under Cement NewsQatar’s Industrial Production Index for May 2020 declined two per cent YoY to 104.2 points, but this was a six per cent increase compared to April 2020. Issued by the Planning and Statistics Authority, the index details the growth of various industrial sectors such as mining, manufacturing and electricity production. In particular, the production of cement and other non-metallic mineral products fell 13.8 per cent MoM in May. When considered in annual terms the decline was much more severe ... |
Qatar National Cement to shut two plants this week01 April 2020, Published under Cement NewsQatar National Cement has announced that it will shut down two plants from 1 April to slow the spread of coronavirus and as an impact of lower demand in the local market. Therefore, the company’s board will close factories four and five until further notice, according to a statement. |
Qatar National Cement Co to diversify product range to meet infrastructure demands26 February 2020, Published under Cement NewsQatar National Cement Co (QNCC) has reaffirmed its support to the country's infrastructure development, adding that it will diversify its product range by adding new products to meet the growing local demand. QNCC Chairman, Salem bin Butti al-Naimi, said the company must increase efforts to "diversify the production by adding new types of cement to meet the demand of local market and utilise the opportunity of exporting to external markets." The company had last year said it was looking to... |
GCC: a return of fortunes?17 February 2020, Published under Cement NewsThe performance of the GCC cement sector improved significantly in 2019 when compared with the previous year as higher domestic consumption combined with increased export demand. For 2020, the outlook remains equally promising, supported by expansionary budgets and the normalisation of relations between GCC countries. Most of the GCC countries, including Oman, announced expansionary budgets, fuelling expectations of increased construction activity going forward GCC cement sec... |
Qatar National Cement sees profit decline 51%28 January 2020, Published under Cement NewsQatar National Cement has recorded a 50.5 per cent fall in net profit to QAR172.16m (US$47.29m) for 2019, compared with QAR347.83m in the previous year. The company’s total cement production declined to 2.2Mt against 2.9Mt in 2018. In 2019 sales of all types of cement dipped to 2.6Mt from 2.9Mt. The company has also announced that it aims to diversify its cement production to meet local market demands and explore the possibility of exports. |
Dal Engineering Group wins multiple orders16 May 2019, Published under Cement NewsDal Group has reported the signing of a number of new orders in the cement sector in Colombia, Russia, Egypt and Qatar. Dal Machinery & Design (Dal Engineering Group) has been awarded the contract for delivering two surface feeders with a capacity of 2x200tph to Cementos Argos' Rio Claro cement plant in Colombia. According to the planned schedule, the installation of two surface feeders was executed in December 2018 and they are now fully operating. Dal Machinery & Design's surface fe... |
QNCC looks to export 3Mta of clinker to Africa, Asia and Kuwait29 April 2019, Published under Cement NewsQatar National Cement Co (QNCC) is now looking to export as much as 3Mta of clinker, particularly focussing on markets in Africa, Asia (including India) and Kuwait. "We are looking at Africa, Asia and some of the Gulf countries. We have 3Mt of clinker (for exports)" said Salem Butti Al-Naimi, QNCC chairman and managing director. The announcement comes after the company commissioned its 5000tpd fifth plant in February this year. According to Mr Al-Naimi, the potential export markets such ... |
Al Khalij Cement to supply oil well cement to Qatar Petroleum14 March 2019, Published under Cement NewsAl Khalij Cement Co has signed a three-year agreement for the supply of oil well cement to Qatar Petroleum. The deal was signed at an event marking the launch of Qatar Petroleum's Tawteen programme, which has been designed to improve the supply chain of the country’s energy sector. "We are delighted to have been selected by Qatar Petroleum for the supply of oil well cement. This represents an endorsement of the high-quality standards of our production facility. This special type of cement i... |
Qatar National Cement signs deal to expand export operations12 March 2019, Published under Cement NewsQatar National Cement (QNC) has signed a memorandum of understanding with Qatar Primary Materials, which will allow the company to expand its cement export operations. The deal will see the cement company use Qatar Primary Materials’ facilities, silos and platforms to export cement and clinker, according to a statement posted to the country’s stock exchange. |