Cement News tagged under: Qatar
Lower revenues and higher costs hurt QNCC net profit05 March 2013, Published under Cement NewsQatar National Cement (QNCC) reported a seven per cent decline in 2012 net profit on the back of lower revenues and higher costs. Net profit for the 12 months to the end of December 2012 fell to QAR425.31m (US$116.8m) while revenues were down three per cent to QAR964.28m. The company also registered an eight per cent rise in selling and distribution costs to QAR8.64m, general and administrative expenses were up by seven peer cent and an impairment loss of five Located at Umm Bab, 82km ... |
Qatar awards Line No. 5 consultancy contract23 November 2012, Published under Cement NewsQatar National Cement Co (QNCC) has signed a consultancy services’ contract with Belgium’s Basse Sambre for the construction of its fifth cement line. Under the terms of the contract, Basse Sambre will prepare the global tender documents for a turnkey plant of 5000tpd or 7500tpd, parallel to the current lines no. 2-4 at Umm-Bab. At present, QNCC produces 14,000tpd, sufficient to meet today’s market requirement. However, a fifth line is needed if it is to successfully capture the expec... |
Qatar National Cement net profit rises22 October 2012, Published under Cement NewsQatar National Cement Company (QNCC) posted a net profit of QAR321.4m (US$88.3m) for the nine months period ended September 30, 2012 compared to a net profit of QAR329m for the corresponding period last year. Earnings per share amounted to QAR6.55 for the period ended September 30, 2012 versus QAR6.70 for the corresponding period in 2011. |
Qatar National Cement first-half net profit rises YoY01 August 2012, Published under Cement NewsQatar National Cement achieved a net profit of QAR225.3m (US$61.9m) in the first six months of 2012 compared to QAR214.3m in 1H11. Earnings per share amounted to QAR4.59 as of 30 June 2012 against QAR4.36 in the corresponding period of last year. |
Qatar National Cement to build new plant21 June 2012, Published under Cement NewsThe board of directors of Qatar National Cement Company (QNCC) has approved the construction of a new plant with a clinker capaicty of 5000tpd, the company said in a statement to the bourse. The board has mandated the company’s management to take the necessary steps to execute the project, SeeNews Middle East and Africa reports. QNCC reported a net profit of QAR117.9m for the first quarter of 2012, up from QAR113.7m a year earlier. |
Al Khaij Cement Co to raise cement production07 June 2012, Published under Cement NewsThe board of directors of Qatar's diversified holding Qatari Investors Group has approved a project to boost the production capacity of affiliate Al Khalij Cement Co to 14,000tpd, Qatari Investors Group said in a bourse filing yesterday. The project is to be completed by the end of 2014. (Source: SeeNews Middle East & Africa). |
New managing director for Al Khalij Cement, Qatar06 June 2012, Published under Cement NewsThe Qatari Investors Group has appointed Faisal Abdulla al-Mana as the managing director of its subsidiary Al Khalij Cement Company. Al-Mana was elected as member of the board of directors of the group in 2011. He is also the vice chairman of Redco Construction Company since 2004. |
Qatar consumption seen rising at a CAGR 15% to 201517 May 2012, Published under Cement NewsCement consumption in Qatar will grow at a compound annual growth rate (CAGR) of 12% up to 2015, according to a report by Commercialbank Capital. Qatar’s current production capacity stands at 6.2Mta, Commercialbank Capital said in its first report on Qatar’s construction sector. The existing demand can be met by the current production. However, Commercialbank Capital expects consumption will be “at the peak” in 2013 and 2014 as majority of the projects that are planned or under constru... |
Qatar quarry relocation not to affect cement sector11 April 2012, Published under Cement NewsQatar’s reported moves to relocate as many as 14 quarries will not affect the country's cement production base, according to a report by Global Investment House (GIH). "At the end of February 2012, the Qatari government announced closure of 14 quarries due to environmental reasons,” Global said in a ‘GCC Cement Quarterly’ report. “Global Research had discussion over this topic with one of the listed companies, which was of the view that it would not affect the local cement manufactu... |
Qatar National Cement profit fell to QAR445m in 201113 February 2012, Published under Cement NewsQatar National Cement Co said its profit fell to QAR445m in 2011 from QAR467m in 2010 on reduced domestic demand. It added that it will pay a cash dividend of QAR6/share. |