Qatar National Cement Company (QNCC) is planning to increase its cement production capacity by 5500tpd during the first half of the current year. Salem bin Butti Al Naimi, chairman and managing Director of QNCC, made the announcement at a shareholders general assembly on Wednesday.
"Board of Directors Plan for 2017 is to commission the two cement mills of Plant (5) during the first half of the year to increase the production capacity of cement by 5500tpd and complete the construction of Plant (5) by operating the kiln and other utilities during the second half of 2017," Mr Al Naimi said.
The Chairman said the company also plans to dispose off the Cement Plant 1, which has been closed since 30 June 2016.
QNCC achieved a net profit of QR475m (US$130.4m) in 2016 compared to QR464m the previous year. The company’s production in both categories of cement OPC & SRC reached 3.7Mt in 2016 compared to 3.8Mt in 2015. The total value of sales revenue is recorded at QR1.14bn for 2016, down from the QR1.17bn registered in 2015.
