Qatar National Cement to build new plant

The board of directors of Qatar National Cement Company (QNCC) has approved the construction of a new plant with a clinker capaicty of 5000tpd, the company said in a statement to the bourse.

The board has mandated the company’s management to take the necessary steps to execute the project, SeeNews Middle East and Africa reports.

QNCC reported a net profit of QAR117.9m for the first quarter of 2012, up from QAR113.7m  a year earlier.