Displaying items by tag: Qatar National Cement Company
Qatar National Cement to open fifth plant in first half of 2017
26 February 2018Qatar: Qatar National Cement Company (QNCC) plans to open its fifth cement plant in the first half of 2018. The move will increase its cement production capacity of 5500t/day, according to the Qatar Tribune newspaper. However, its sales of cement fell slightly to 3.4Mt in 2017 from 3.7Mt in 2016.
The cement producer’s sales revenue fell by 9.6% year-on-year to US$283m in 2017 from US$313m in 2016. Its net profit decreased by 31% to US$90m from US$130m. The company blamed the falling profit on a poor local economy causing poor demand and a reduced selling price since April 2017.
Qatar: Mohamed Ali al-Sulaity, the general manager of the Qatar National Cement Company, says that a blockade of the country by neighbouring states has not effected its cement production. Al-Sulaity said that the cement producer has secured supplies of raw materials and is importing gypsum and iron oxide from Oman, according to the Al Sharq newspaper. He added that bags are being imported from Kuwait.
The company says that it has a surplus of cement production and is able to meet the country’s demand. It plans to operate its 5000t/day kiln number 5 in September 2017 that will increase its clinker production capacity to 19,000t/day and its cement capacity to 21,000t/day.
Several Middle Eastern countries – including Saudi Arabia, the UAE, Bahrain and Egypt – cut diplomatic links and implemented trade and travel embargos with Qatar in June 2017 over alleged links to terrorist groups and links to Iran.
QNCC reports lower Q1 profit
25 April 2017Qatar: Qatar National Cement Company (QNCC) reported that it made a net profit of US$23.3m in the first quarter of 2017, a 31% fall compared to a net profit of US$34.0m posted for the first quarter of 2016. QNCC is currently in the process of constructing a 5000t/day production line, its fifth, along with Fives Group of France.
Qatar: France’s Fives has released further information about its work on the 5000t/day cement production line for Qatar National Cement Company. Fives installed the 6.6MW FCB B-mill of the raw meal grinding plant in March 2017. Installation of the raw mill shell was completed on 29 March 2017. The shell weighs 198t, has a length of 17.2m and a diameter of 6.4m. It was moved and erected using a self-propelled modular transporter. This project step followed the commissioning of the two FCB B-mills at the cement grinding plant in January and February 2017, and the signature of the related provisional acceptance in April 2017.
Qatar: Qatar National Cement Company plans to commission two cement mills for its Plant 5 during the first half of 2017 to increase its production capacity to 5500t/day. Then, construction work on the kiln will be completed in the second half of the year, according to comments made by Salem bin Butti Al Naimi, chairman and managing director of the company, that were reported by the Peninsular newspaper. The company intends to increase its production capacity of washed sand and calcium carbonate to capture an anticipated rise in market demand. It also intends to sell its Plant 1 to Umm Bab following an agreement in mid-2016.
The cement producer’s revenue fell by 2.6% year-on-year to US$313m in 2016 from US$321m in 2015. Its cement sales volumes fell slightly to 3.7Mt during the period. Its net profit rose by 2.3% to US$130m from US$127m.
Fives commissions mills at projects in Mexico and Qatar
22 February 2017Mexico/Qatar: Fives has released information on cement plant projects in Mexico and Qatar. It commissioned a second FCB Horomill unit on 31 January 2017 at the cement grinding plant of Cementos Fortaleza, as part of the new 3300t/day complete line under construction at the Tula cement plant in Hidalgo. The first unit was commissioned in early December 2016.
Fives FCB was awarded the engineering, procurement and construction (EPC) contract from Cementos Fortaleza in mid-2015 for the design, supply, erection and commissioning of the cement production line. It includes a burning line using a FCB Kiln, FCB Zero-NOx Precalciner, FCB Preheater and Pillard Novaflam burner; raw meal and cement grinding plants using FCB Horomill and associated FCB TSV™ Classifiers; and a petcoke grinding plant using a FCB B-mill and associated FCB TSV Classifier. The FCB Horomill raw meal grinding plant and FCB Kiln are scheduled for commissioned in the second quarter of 2017.
In Qatar, Fives commissioned a cement milling unit on 6 February 2017 for Qatar National Cement Co.'s fifth production line in Umm Bab. This follows the commissioning of another mill at the site on 25 January 2017.
The mills are part of a 5000t/day production line that Fives is building for the client covering raw material preparation to cement despatch. The equipment ordered includes one 6400 kW FCB B‑mill with a FCB TSV7500 Classifier for the raw meal grinding plant, one five-stage FCB Preheater and a FCB Zero-NOx Precalciner, along with a FCB Kiln for the burning line, two TGT process filters and two 4200 KW FCB B‑mills with their FCB TSV4000 Classifiers for the cement grinding plant.
Qatar: Qatar National Cement Company (QNCC) has signed a financing deal with Saudi Arabia’s Samba Financial Group (Samba) for US$100m. The facility, which has a two-year grace period, will go towards financing the construction of the company’s fifth cement plant and should be repaid in three and half years.
QNCC signed a letter of intent with Fives FCB in 2014 to build the 5000t/day clinker production line at a cost of US$261m. The plant was expected to become operational within 27 months, according to local media. The company decided to build its fifth cement plant in response to an expected increase in demand in the run up to the 2022 FIFA World Cup being held in Qatar. In June 2016 QNCC also announced plans to close cement plant 1 with effect from the start of the month.
Qatar National Cement Company profit increases by 10% in 2015
26 January 2016Qatar: Qatar National Cement Company has reported that its profit rose by 10% year-on-year to US$127m in 2015 compared to US$115m in 2014. Revenue increased by 11% to US$321m from US$288m. Gross profit increased by 6% to US$130m from US$123m.
Qatar National Cement profit slightly up
05 November 2015Qatar: Qatar National Cement Company (QNCC) has reported that its profit for the nine months ending on 30 September 2015 was US$98.6m, compared to US$91.2m in the same period of 2014. This represents a year-on-year rise of 8.1%. Revenue for the nine months to 30 September 2015 was US$233m, compared to US$212m for the nine months to 30 September 2014, a rise of 9% year-on-year.
The company's gross profit for the nine months to 30 September 2015 was US$96.2m, compared to US$93m for the same period of 2014. QNCC's other income for the nine months to 30 September 2015 was US$10.8m, compared to US$6.5m for the same period of 2014.
Qatar National Cement’s 2015 first half profit up
31 July 2015Qatar: Qatar National Cement has reported that its profit for the first six months of 2015 rose to US$66.6m form US$65.3m in the same period of 2014, according to MarketLine. Its revenue for the first six months grew to US$160m from US$147m in the first six months of 2014. Its gross profit fell to US$63.3m from US$65.9m in 2014.