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.
