Cement News tagged under: Qatar National Cement Company

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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: QNCC is well placed to dominate sector

24 February 2017, Published under Cement News

This week, Fives FCB reported the commissioning of two new cement grinding mills at Qatar National Cement Company’s (QNCC) Umm Bab plant in Qatar, as the country ramps up its cement capacity for the large infrastructure projects that are currently being established. QNCC has been modifying its Umm Bab plant by adding the 5000tpd Plant 5. When the upgrade is complete in 1Q17, the plant will have a total clinker capacity of 17,000tpd (5.6Mta) and a cement production capacity of 20,000tpd (6...

Qatar: QNCC invites BoD applications

16 February 2017, Published under Cement News

The Board of Directors of Qatar National Cement Company (QNCC) is welcoming applications from its shareholders to apply for nomination of the Board of Directors as representatives of the private sector for next three years (2017-19). Applicants must: be aged 21 or over, own a minimum of 20,000 shares, not be a member in more than three company boards in Qatar, not be convicted of any crimes mentioned in Article (334) and Article (335) of the QCCL No 11/2015. The candidates should posse...

Qatar National Cement Company profits flat for 9M2016

13 October 2016, Published under Cement News

The Qatar National Cement Company (QNCC) has released its earning statement for the first nine months of 2016, showing that revenues and profits have changed little from the corresponding period in 2015. Profits at QNCC were down one per cent to QAR355m (US$97.6m), while revenues also fell slightly, being down 0.9 per cent to QAR839m. Taken together with previous three-monthly earnings statements, QNCC’s revenues have now fallen for two straight quarters, declining by 3.0 per cent in Q...

QNCC nine-month net profit ahead

27 October 2014, Published under Cement News

Qatar National Cement Company (QNCC) net profit rose to QAR332m (US$91.2m) in the first nine months of 2014, up 3.1 per cent from the QAR322m posted a year earlier. Earnings per share (EPS) rose to QAR 6.76 from QAR 6.56. Total assets at end-2014 increased to QAR2.85bn from QAR2.78bn at the beginning of the year.

HAZEMAG & EPR wins three new MEA cement contracts

17 October 2014, Published under Cement News

Materials processing and crushing specialists HAZEMAG & EPR has received a trio of orders in the Middle East and Africa during the third quarter of this year. El Arish's new production line in Egypt In September 2014 HAZEMAG & EPR received an order from the Chinese plant manufacturer CDI for the delivery of components for the precrushing of cement raw material and gypsum for El Arish's new line in Egypt. The new delivery comprises a HPI 2000 impact crusher for crushing 1900tph of limest...

Qatar National Cement Co 1Q13 sales edge ahead

24 April 2013, Published under Cement News

Qatar National Cement Company (QNCC) reported a net profit of QAR118.6m (US$32.6m) for the first three months of this year, slightly ahead on the QAR117.9m recorded in the same period of last year. Earnings per Share (EPS) amounted to QR 2.42 as of March 31, 2013 versus QR 2.40 of the same period in 2012. Qatar National Cement  Co (QNCC) is the state’s dominant producer with a 70 per cent market share. The company operates four production lines located at Umm Bab, 82km from Doha on the...

Qatar awards Line No. 5 consultancy contract

23 November 2012, Published under Cement News

Qatar 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 rises

22 October 2012, Published under Cement News

Qatar 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 consumption seen rising at a CAGR 15% to 2015

17 May 2012, Published under Cement News

Cement 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...