(MENAFN- Qatar News Agency) Qatar Chemical and Petrochemical Marketing and Distribution Company Q.J.S.C. (Muntajat), has completely assumed the sales and marketing responsibilities of vinyl and caustic soda products from Qatar Vinyl Company Ltd. Q.S.C. (QVC).
HE the Minister of Energy and Industry Dr. Mohammed bin Saleh Al-Sada, who is also chairman of Muntajat board of directors, welcomed in a press release issued Saturday the announcement as a turning point in achieving the company's mission to represent, serve and promote Qatar's chemical, polymer and fertilizer industries. "This transition marks the growth of Muntajat into a new market in fulfillment of its mandate and objectives." HE Dr. Al-Sada haield QVC's well-executed transition as a notable example of the successful integration of the resources of Qatar's energy and petrochemical producing entities. "Since its inauguration in 2001, QVC has established itself as a competitive player in the global vinyl industry. Their products are integral to the production of some of the most important plastics used around the world in high-value medical and construction applications."
For his part, Muntajat CEO Mr. Abdulrahman Ali Al-Abdulla said that adding QVC's high-quality products to Muntajat's sales portfolio will "widen our footprint in the marketing and sales of chemicals and petrochemicals worldwide. As the second largest selling plastic, PVC is a product in demand around the world in areas ranging from medical applications to pipes and building materials.
With this transition complete, Muntajat is now handling sales and export for more than three-quarters of Qatar's chemical, polymer, and fertilizer production. We are making progress on two tracks: transitioning the sales and marketing functions of the producing entities and building out our global client service network. In this way, Muntajat is delivering new value to customers, the producing entities and the State of Qatar."
QVC CEO Hamad Rashed Al-Nuaimi said: "We are proud of our heritage of safety and quality. Our operations use state-of-the-art technology that respects the environment while creating value for shareholders. We are operating at 125 % design plate capacity for the chlorine plant and 160 % of the design plate capacity for the VCM plant. The transition of marketing and sales responsibilities allows QVC management to continue our focus on achieving the objective of being a low cost, safe, high-quality and efficient vinyl producer with sights on expansion opportunities. QVC operations will continue the high-quality management of its products in order to back up the sales activities carried out by Muntajat."
A leading producer of high quality vinyl products and caustic soda, QVC has more than a decade of production and safety excellence. It has a reputation for running a well-managed plant with a capacity of 350,000 metric tons per year of vinyl chloride monomer (VCM) and 180,000 metric tons per year of ethylene dichloride (EDC) - both raw materials in the polyvinyl chloride (PVC) industry. Additionally, QVC has a capacity to produce 730,000 liquid metric tons per year of caustic soda solution, a product used in the alumina industry, soap and detergents and pulp and paper industries. QVC also produces hydrochloric acid. Since its establishment in August 2012, Muntajat has been finalizing the necessary approvals as well as consulting all nine operating entities in Qatar's chemical and petrochemical industry to prepare for a full transition of their sales, marketing and distribution functions to Muntajat.
Starting February 2013, Muntajat has taken over all marketing and distribution functions of Qatar Fuel Additives Company Limited (QAFAC), Qatar Fertilizer Company (QAFCO), and SEEF Limited, earlier this month. Muntajat is on track to complete the full consolidation of all nine entities by mid-2013. Muntajat was established by Minister of Business and Trade Decision 54/2012 in August 2012. By the Decree Law 11/2012, Muntajat is empowered to be exclusively responsible for Qatar's chemical and petrochemical exports, by consolidating marketing and distribution efforts into a single entity to meet the needs of customers worldwide.Â
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