Cement News tagged under: Qatar

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Al Khalij Cement to supply oil well cement to Qatar Petroleum

14 March 2019, Published under Cement News

Al 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 operations

12 March 2019, Published under Cement News

Qatar 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. 

QNCC meets demand after commissioning new plant

12 February 2019, Published under Cement News

Qatar National Cement Co (QNCC) has succeeded in meeting demand levels in the country following the company’s 5000tpd Plant 5 entering operation, according to Salem bin Butti al Naimi, chairman and MD. "The company is supporting the massive construction boom in Qatar by meeting 100 percent market demand for all types of cement and washed sand successfully from the company’s own production maintaining the high quality standards, and at a reasonable price for all products," said Mr Naimi in ...

Qatar National Cement profits rise 6% in 2018

25 January 2019, Published under Cement News

In a filing to the Qatar Stock Exchange, Qatar National Cement reported a 53.4 per cent YoY increase in fourth-quarter profits to QAR129.03m (US$35.4m) and a 6.4 per cent YoY rise to QAR347.83m for the full year of 2018. The company saw profits fall to QAR218.8m in 3Q18 from QAR242.8m in 3Q2017.

Qatar National Cement to produce white cement

04 December 2018, Published under Cement News

Qatar National Cement Co (QNCC) has announced it will produce white cement following its acquisition of the necessary licences for the product. QNCC white cement will be available in 50kg bags priced at QAR25 (US$6.87) and in bulk, at a price of QAR500/t.

Al Khalij to start oil well cement production

27 November 2018, Published under Cement News

Al Khalij Cement Company (AKCC), part of Qatari Investors Group, has announced that its Umm Bab plant will produce oil well cement (OWC) Class ‘G’ at Grade (s) HSR, having received a certification from the American Petroleum Institute (API). The API awarded AKCC a three-year licence to apply the API monogram on its products. With this certification, AKCC joins a select list of 11 companies in the Middle East and will be the only oil well cement producer in Qatar. OWC Class G at Grade (s) H...

Qatar to increase solid waste recycling as construction waste falls

17 September 2018, Published under Cement News

Qatar has set itself a target to recycle 15 per cent of solid waste generated in the country over the next four years, according to the Qatar Second National Development Strategy (NDS2). The state is making significant efforts to increase the waste recycling rate and promote environmental awareness on reducing the quantity of domestic solid waste. The generation of total solid waste (construction, domestic and others) on the country increased from 8Mt in 2008 to 12Mt in 2013. However, it de...

Qatar Cement records 6% profit decline in 2Q18

24 July 2018, Published under Cement News

Qatar National Cement recorded a six per cent YoY fall in net profit to QAR78.26m (US$21.5m) in the 2Q18, compared with QAR83.25m of the year-ago period. In the 1H18 period the company’s profit remained mostly flat YoY, reaching QAR168.52m from QAR168.09m. However, revenue showed a significant decline of 21.9 per cent to QAR434.55m from QAR556.75m.

QNCC to increase capacity in 2H18

26 February 2018, Published under Cement News

Qatar National Cement Company (QNCC) is expected to increase its production capacity by 5500tpd during 2H18, due to the start-up of a new plant later in the year. The company also announced that its total production of OPC and SRC cement decreased to 3.5Mt in the 2017 full-year period, compared to 3.7Mt of the previous year. Similarly, cement sales fell 8.1 per cent YoY to 3.4Mt from 3.7Mt. Total sales revenue dropped 10 per cent from QAR1.14bn (US$313.19m) to QAR1.03bn in 2017. The co...

Qatar National Cement sees 32% drop in net profit in 3Q17

18 October 2017, Published under Cement News

Qatar National Cement Co disclosed its interim financial statement for the period ended  30 September 2017. The company's 3Q net profit is QAR242.805m, down 31.7 per cent compared to QAR355.482m for the same period of the previous year. Earnings per share (EPS) amounted to QAR3.72 for the 3Q17 (QAR5.44 fin 3Q16).