Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - QNCC for QR1.19bn expansion plan  Join our daily free Newsletter

MENAFN - The Peninsula - 19/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Qatar National Cement Company (QNCC), the largest maker of cement in Qatar, will expand its production capacity from 10,000-12,000 tonnes per day (TPD) to around 20,000 TPD to meet the growing demand of cement in Qatar. The cement maker will invest around QR1.19bn to increase the capacity



"The company has signed a letter of intent to construct the cement line Number 5 with FL Smidth of Denmark for a designed capacity of 75,00TPD clinker, the contract price amounted to QR1.19bn," said Salem bin Butti Al Naimi, Chairman and Managing Director, Qatar National Cement Company, on the sidelines of Annual Ordinary Meeting of General Assembly. "The expected completion time for the first cement mill is 17 months and the overall plant will be completed within 24 months form the effective date of the contract," he said



The most of the demand for cement will be related to FifaWorld Cup 2022.



"There will be strong demand for Cement in Qatar in next five-six years due to the projects related to football world cup in 2022," said Salem bin Butti Al Naimi. "The new plant is planned to meet the growing demand,"



He said



Qatar has come a long a way in term of consumption of demand. According to industry sources, the demand for cement a decade ago was just 2000 TPD. Now the demand for Qatar is around 12,000TPD-15,000 TPD mainly driven by ongoing infrastructure projects across the country.



"The market demand of all types of cement and washed sand was successfully met from the company's own production maintaining the high quality standards and keeping the same price for all products," he said



The cement maker is open to export cement if the supply of cement exceeds the demand in future. Currently the company is not importing cement


 


The Peninsula




  MENA News Headlines
 Sep 20 2014 - Sputtering City bid to keep high-flying Chelsea in checkArab Times
(MENAFN - Arab Times)  LONDON Sept 19 (AFP): Stung by a last-minute defeat in the Champions League Manchester City will attempt to make up ground in the Premier League title race when they host ...

 Sep 20 2014 - Everton return in style Spurs heldArab Times
(MENAFN - Arab Times)  PARIS Sept 19 (AFP): Everton marked their first appearance in Europe since the 2009/2010 season with a 4-1 Europa League win over Wolfsburg while Celtic and Tottenham were ...

 Sep 20 2014 - OCA encouraging Saudi on women athletes: Sheikh AhmadArab Times
(MENAFN - Arab Times)  INCHEON South Korea Sept 19 (AFP): Pop star Psy kicked off the Asian Games 'Gangnam Style' in an energetic K-Pop-fuelled ceremony Friday as North Korean athletes received ...

 Sep 20 2014 - Neeson in action in 'Tombstones'Arab Times
(MENAFN - Arab Times)  LOS ANGELES Sept 19 (Agencies): It's not for nothing that the names of Sam Spade and Philip Marlowe are reverentially referenced in writer-director Scott Frank's ...

 Sep 20 2014 - Indicators of US economy edge '0.2 percent' higher in AugustArab Times
(MENAFN - Arab Times)  WASHINGTON Sept 19 (Agencies): A gauge designed to predict the economy's future health rose in August but at a much slower pace than in July. The Conference Board said ...

 Sep 20 2014 - Omniyat to launch 3 projects worth USD952.7m in DubaiMENAFN
(MENAFN) Omniyat, a leading development group in the Middle East, is set to launch three distinguished mega-projects worth USD952.70 million at Cityscape Global, Khaleej Times reported.The group's ...

 Sep 20 2014 - Egypt awards oil, gas exploration deals worth USD187mMENAFN
(MENAFN) The Egyptian Petroleum Minister said his country has signed oil and gas exploration deals worth USD187 million with some Western companies and a Tunisian firm, Arab News reported.The ...

 Sep 20 2014 - Morocco, Congo discuss maritime transport cooperationMENAFN
(MENAFN) Local media reported that Morocco and Congo are currently holding talks to boost the bilateral relations in the field of maritime transport, QNA reported.In a meeting that joined the ...

 Sep 20 2014 - Denmark tightens asylum laws citing Syrian influxArab News
(MENAFN - Arab News) COPENHAGEN: Denmark said on Friday it would introduce a new temporary type of residence permit for asylum seekers fleeing civil wars such as the Syrian conflict after a huge ...

 Sep 20 2014 - Abbott cites 'chatter' of attacks on govt ParliamentArab News
(MENAFN - Arab News) SYDNEY: Intelligence 'chatter' has revealed that militants plan to attack Australian politicians and government buildings the prime minister said on Friday a day after hundreds ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help