Cement News tagged under: Qatar

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Qatar National Cement sees 38% rise in sales

09 April 2021, Published under Cement News

Qatar National Cement has reported a 38.4 per cent YoY rise in sales to QAR229.85m (US$63.14m) for the first quarter of 2021, compared to QAR166.1m in the year-ago period. Net profit for the quarter also advanced 29.3 per cent YoY to QAR70.42m from QAR54.44m in the 1Q20.

Qatar National Cement Co sees net profit down 14%

28 January 2021, Published under Cement News

Qatar National Cement Co has seen a 6.2 per cent YoY fall in sales to QAR659.62m (US$181.2m) in 2020, against QAR703.03m in the previous year. Net profit also declined 13.8 per cent YoY to QAR148.46m from QAR172.16m in 2019.

Cement production rises in Qatar

20 November 2020, Published under Cement News

Qatar’s Industrial Production Index for September 2020 declined 7.7 per cent YoY and 3.9 per cent compared to August 2020, according to the Planning and Statistics Authority. The production of cement and other non-metallic mineral products rose 9.1 per cent MoM in September. On an annual basis, production also advanced 3.1 per cent during the month.

Qatar National Cement reports 32% fall in profit

23 July 2020, Published under Cement News

Qatar 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 May

22 July 2020, Published under Cement News

Qatar’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 week

01 April 2020, Published under Cement News

Qatar 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 demands

26 February 2020, Published under Cement News

Qatar 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 News

The 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 News

Qatar 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 orders

16 May 2019, Published under Cement News

Dal 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...