No shortage of cement in Qatar: QNCC

No shortage of cement in Qatar: QNCC
31 July 2009

Cement is not in short supply at all and anyone needing it can contact the Qatar National Cement Company (QNCC)Qatar National Cement Company (QNCC)
Qatar National Cement Company is the country’s largest cement-maker and puts the demand of this key building material in the country at present at around 19,000 tonnes per day. "The demand is still high," said Mohamed Ali Al Sulaiti, general manager. "We have ample stocks with us."
Replying to a question from reporters at a press briefing held to announce the company’s first half (H1 of 2009) results, Al Sulaiti said the firm was able to meet at least 90 percent of the local requirement by itself.
The remaining 10 per cent of the cement requirement is imported. Asked about black marketing, he said he had no idea and added that such irregularities, if any, needed to be reported to the Consumer Protection Department of the Ministry of Business and Trade.
India, Iran, Pakistan, UAE and Saudi Arabia have surplus cement production, Al Sulaiti said, hinting that if the need be, the material could be imported from any of these countries.
Some businessmen here have license to import cement from Saudi Arabia but the quantities they are allowed to bring in are low and vary up to 100 tonnes.
However, bringing cement from Saudi Arabia is not an economical option due to the high transport costs involved. Only if the material is brought from the eastern stretches of Saudi Arabia, would it work out cheaper, he said.
Talking about H1 (2009) results, the general manager said the company’s net profits rose 38 percent over the corresponding period in 2008. Sales touched 19,000 tonnes a day as against 14,000t in the same period last year. As for washed sand, its sales grew to 27,000tpd as compared to 21,000t in the corresponding period in 2008.
Total revenue from sales was QR871m in H1, up 23 per cent over the corresponding period last year, said the general manager. He said the company was not affected by the global economic downturn.
According to Al Sulaiti, the company has begun operating its new plant at full capacity and this has raised its total production capacity to 15,000tpd.
Spurce: The Peninsula 2009
Published under Cement News