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

MENAFN - The Peninsula - 19/02/2014

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(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.

 






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