Cement News tagged under: Qatar
Qatar National Cement profits rise 6% in 201825 January 2019, Published under Cement NewsIn 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 cement04 December 2018, Published under Cement NewsQatar 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 production27 November 2018, Published under Cement NewsAl 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 falls17 September 2018, Published under Cement NewsQatar 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 2Q1824 July 2018, Published under Cement NewsQatar 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 2H1826 February 2018, Published under Cement NewsQatar 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 3Q1718 October 2017, Published under Cement NewsQatar 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). |
Qatar National Cement Co sees 35% profit fall in 2Q1724 July 2017, Published under Cement NewsQatar National Cement Co reported a 34.9 per cent YoY drop in profits for 2Q17, according to a filing to the Qatar Stock Exchange (QSE). Profits declined to QAR83.3m (US$22m) from QAR127.9m reported in the equivalent period of the previous year. In the first half of 2017, the company posted a 33.2 per cent decrease in profits reaching QAR168.1m against QAR 251.7m in 1H16. |
Qatar: QNCC to increase production and dispose of plant03 March 2017, Published under Cement NewsQatar National Cement Company (QNCC) is planning to increase its cement production capacity by 5500tpd during the first half of the current year. Salem bin Butti Al Naimi, chairman and managing Director of QNCC, made the announcement at a shareholders general assembly on Wednesday. "Board of Directors Plan for 2017 is to commission the two cement mills of Plant (5) during the first half of the year to increase the production capacity of cement by 5500tpd and complete the construction of P... |
Qatar: QNCC is well placed to dominate sector24 February 2017, Published under Cement NewsThis 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... |