Cement News tagged under: Qatar
Qatar: Fives commissions two mills for QNCC22 February 2017, Published under Cement NewsOn 25 January and 6 February, Fives commissioned two new cement milling units at Qatar National Cement Company’s (QNCC) fifth production line in Umm Bab, Qatar. This achievement comprises a turnkey 5000tpd plant, which is still under construction. The scope of supply covered the whole set of equipment, from raw material preparation up to the cement dispatch, including: one 6400kW FCB B‑mill with its FCB TSV™ 7500 Classifier for the raw meal grinding plant, one five-stage FCB Preheater and... |
Qatar: QNCC invites BoD applications16 February 2017, Published under Cement NewsThe 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... |
GCC: capacity outpaces demand15 February 2017, Published under Cement NewsWith oil prices forecast to remain at the lower end of the scale, Gulf Cooperation Council countries reassess their needs. A heightened focus on economic diversification drives infrastructure investment and governments address the lack of affordable housing for their growing populations. However, the expansion of cement capacity is outpacing demand growth. By Hettish Karmani, Ubhar Capital, Oman. With a stronger focus on economic diversificaiton and housing, GCC countries hope to brid... |
Qatar National Cement reports a 14% increase in 4Q profit27 January 2017, Published under Cement NewsQatar National Cement reported a profit rise of 14.4 per cent YoY to QAR119.62m (US$32.8m) in 4Q16 from QAR104.6m in 4Q15. Full-year 2016 profits increased 2.5 per cent YoY to QAR475.1m from QAR463.55m. |
Qatar: QPMC to inaugurate cement storage silos in 1Q12 January 2017, Published under Cement NewsQatar Primary Materials Company (QPMC) will inaugurate its cement storage silos project in the 1Q17 as part of its “efforts to ensure sustainable supply” of cement in the country. QPMC CEO, Eisa al-Hammadi, said the project is located on Berth 1 of the Port of Mesaieed and comprises two cranes, two conveyor belts and 12 silos with a storage capacity of 5000t for each. The cement materials would be transferred from the concrete silos to four iron silos which will discharge the cement with ... |
Qatar National Cement Company profits flat for 9M201613 October 2016, Published under Cement NewsThe 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... |
Qatar Cement signs US$100m deal with Saudi investors02 August 2016, Published under Cement NewsThe Qatar National Cement Company has agreed a US$100m financing deal with Samba Financial Group of Saudi Arabia, the Peninsula newspaper reports. The investment deal will be used to part-fund Qatar Cement’s fifth integrated plant, construction of which is already underway at a total cost of QAR950m (US$260m). The new plant will have a clinker capacity of 17,000tpd and grinding capacity of 20,000tpd. Qatar Cement also released its earnings statement for the first half of 2016. This ove... |
Saudi Arabia: export ban lifted11 July 2016, Published under Cement NewsThe Saudi Arabian government has decided to lift the export ban on cement, which was imposed in 2008 to push down prices and accommodate the demand generated by government-funded infrastructure projects. Once the ban has been lifted potential export destinations will include Qatar, Yemen, Jordan, Bahrain, Egypt, Iraq, east Africa and the UAE. This decision to remove the export ban may help Qatar, a country with major construction projects planned in the run up to Fifa 2022, meet its growi... |
Qatar National first quarter profits slip25 April 2016, Published under Cement NewsQatar National Cement Co. has released an interim financial statement for the three-month period ended March 31, 2016. The statements show that the net profit over the period fell by 1.6 per cent YoY, from QAR125.76m (US$34.53m) to QAR123.79 (USD33.99m). |
ThyssenKrupp Industrial Solutions to expand in MENA22 March 2016, Published under Cement NewsThyssenkrupp sees future growth in the MENA, and particularly in Saudi Arabia and Egypt, for its industrial solutions business area. Boris van Thiel, thyssenkrupp's CEO of the MENA region, said thyssenkrupp sees a huge potential especially in the area of energy efficiency programmes and downstream value chains. Mr Van Thiel further said that the importance of the MENA region for its business cannot be overstated. “Already today, more than 20 per cent of our global sales are achieved in th... |