Displaying items by tag: Qatar National Cement Company

Qatar: Qatar National Cement has reported a net profit of US$44m for 2024, down from US$56.3m in 2023, while sales revenue declined to US$109m from US$126m.The company maintained profitability despite reduced demand for its core products due to cost optimisation and operational improvements.

The firm reportedly plans to implement refuse derived fuel at its Umm Bab facility in 2025, following technical consultations.

Qatar: Qatar National Cement Company’s net profit was US$14.1m in the first quarter of 2024, Mist News has reported. This represents a decline of 20% year-on-year from same period in 2023.

Qatar: The board of directors of Qatar National Cement has approved the proposed sale of the company’s Cement Plant No. 1 in Umm Bab, Al-Shahaniya Municipality. Reuters has reported the plant’s buyer as Arab International Metal Trading.

Qatar: Qatar National Cement recorded a net profit of US$41.6m during the first nine months of 2023. Reuters has reported that this corresponds to a drop of 11% year-on-year from US$46.9m in the same period of 2022.

Uzbekistan/Qatar: Qatar National Cement has been named among businesses that have attended meetings with the Uzbekistan Minister of Investment, Industry and Trade. UzDaily News has reported that the minister is visiting Qatar for talks with his Qatari counterpart, as well as ‘large companies’ from the heavy industry, energy and food sectors. The Uzbekistan government is reportedly evaluating the prospects for joint implementation of large investment projects in priority sectors of the economy.

Qatar: Qatar National Cement Company has invited offers to acquire Plant 1 at it Umm Bab cement plant complex. Reuters reported the launch of the public auction on 13 June 2023.

Qatar: Qatar National Cement Company (QNCC) has signed a partnership agreement with SAP and Mannai ICT. The deal is intended to help the cement producer use cloud computing products such as Google Cloud to manage its data. It will also use S/4HANA, a resource planning product, and SAP Success Factors, a employee management product.

Essa Mohammed Ali A M Kaldari, QNCC’s Chief Executive Officer, said “In undertaking this end-to-end digital transformation, our aim is to modernise and streamline our systems, increase efficiencies, and enhance the services we deliver to our customers and employees.” He added, “After implementation, our operations will be more agile and scalable, enabling us to capitalise on future opportunities in the market and region.”

Alaa Jaber, the managing director for SAP Qatar and Fast Growth Markets, said, “Through this digital transformation, QNCC is aligning itself with Qatar’s 2030 National Vision and supporting its sustainability plans. It is also ensuring its future success by increasing its visibility over all operations, enabling it to react in an agile way to changes in the market and expected rise in demand for its products. Moreover, QNCC will be able to make decisions informed by real-time insights and data analytics.”

Qatar: Qatar National Cement Company (QNCC) recorded full-year sales of US$195m in 2022, down by 14% year-on-year from US$226m in 2021. The producer recorded a net profit for the year of US$62.4m, up by 1.2% from US$61.7m.

Qatar: The Qatar National Cement Company (QNCC) and Gulf Organisation for Research & Development (GORD) have signed a memorandum of understanding (MOU) to collaborate on the research and development of low-carbon building products. The organisations will also lead capacity building and knowledge sharing exercises to encourage the industry-wide transition to low-carbon solutions and green building practices.

Essa Mohammed Ali Kaldari, the chief executive officer of QNCC, said, “We are pleased today to sign a MOU with the GORD, which aims to enhance the cooperation towards scientific research in the area of green and low carbon products, achieving sustainable development, and establishing an integrated system that serves all the people of Qatar.” He added “In line with Qatar National Vision 2030, QNCC started significantly supporting institutions that focus on capacity building and create a strong sustainability culture that combines the economy and the environment.”

Qatar: Qatar National Cement Company recorded revenues of US$106m in the first half of 2022, down by 5.7% year-on-year from US$113m in the first half of 2021. Despite this, the producer's net profit underwent an 18% year-on-year increase to US$30.5m from US$25.9m.