Cement News tagged under: Qatar
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... |
QNCC full-year profit up 10%22 January 2016, Published under Cement NewsQatar National Cement Company (QNCC) reported a 10.28 per cent rise in net profit to QAR463.5m (US$127.3m) for the 12 months to the end of December 2015 compared to QAR420.3m in the same period in 2014. Earnings per share grew to QAR 8.58 in 2015 compared to QAR7.78 a year earlier, according to a Qatar Stock Exchange bulletin. QNCC Board of Directors have recommended distribution of 40 per cent cash dividends and 10 per cent bonus shares. The company is currently constructing a fifth kil... |
Qatar: Al Khalij Cement Co adds new line03 December 2015, Published under Cement NewsQatar-based producer Al Khalij Cement Co has added another production line to take the total cement capacity to 15,500tpd. The second “identical” production line will double the clinker capacity to 12,000tpd and enhance the cement production by more than 50 per cent to 15,500tpd. The cement company, which is a part of Qatari Investors Group, has started initial production and will ramp up to full capacity within few weeks. Through the new production line, clinker production will increase b... |
Alkhalij to double its cement capacity22 September 2015, Published under Cement NewsPart of Qatari Investors Group, Alkhalij Cement Company will invest around US$800m in its second production line, which is scheduled to come on-stream in 1Q16. The new capacity will be built to maintain market share and meet the expected rise in cement demand, which has been boosted by major construction and infrastructure projects. Firas Tayssir Ibrahim, chief administration officer of Qatari Investors Group, said: "The unprecedented growth in Qatar's construction remains as the primar... |
Qatari group expresses interest in Ethiopian plant construction22 January 2015, Published under Cement NewsA Qatari business group led by Sheikh Fahad Ahmed M T Al Thani has expressed an interest in constructing a cement plant in Dire Dawa, Ethiopia, as part of a series of investments across various sectors in the African country. AllAfrica news reported that during a meeting with Ethiopia’s president Mulatu Teshome last week, Mr Al Thani said he had visited various investment sites and plans to launch four projects worth around US$500m including the cement plant. Mr Teshome stressed tha... |
QNCC nine-month net profit ahead27 October 2014, Published under Cement NewsQatar 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 contracts17 October 2014, Published under Cement NewsMaterials 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 demand slows during Ramadan22 July 2014, Published under Cement NewsCement demand in Qatar has dropped by 40 per cent during Ramadan, prompting the country’s largest cement producer to undertake maintenance work during the slowdown. Speaking to The Peninsula, Mohamed Al Sulaiti, general manager of Qatar National Cement Company (QNCC), said the company is taking the opportunity to conduct equipment maintenance to enable it to better serve the market during the busy season starting from mid-August. QNCC in June contracted Fives FCB (France) to construct a... |
Qatar consumption forecast to double by FY1718 April 2014, Published under Cement NewsCement consumption in Qatar is expected to double from current levels within the next three years, a new report has forecast. Dubai-based financial services firm Arqaam Capital said in its report on Qatar’s cement sector released this week that consumption will be driven by heavy government infrastructure spending. Citing various official data, the report said Qatar is expected to open up to QAR182bn (US$50bn) construction projects this year, up 15 per cent compared to last year. The m... |
Cemtech Middle East & Africa underway04 February 2014, Published under Cement NewsCemtech Middle East & Africa 2014, the leading international cement conference and exhibition series, has opened in Dubai in front of an audience of over 270 senior industry delegates from 35 countries, including Guest of Honour, His Excellency Sheikh Yaser Al Qasemi, General Manager of Union Cement Company, Ras Al Khaimah, and Chairman of the Cement Producers’ Association of the UAE. Thomas Armstrong, Cemtech organiser, welcomes over 270 industry delegates from across the Middle Eas... |