Tuesday, February 17, 2015

QATAR: Qatar National Cement Co. signs contract with Fcb Ciment for US$219.71 mn plant

Qatar National Cement Company has signed an agreement with Fcb Ciment of France for the construction of a QR 800 million (US$ 219.71 million) plant with a production capacity of 5,000 tonnes of clinker per day, media reports.

The new plant, the forth for the company, will allow Qatar National Cement Company (QNCC) to increase its output to 11,900 tonnes of clinker per day and 15,500 tonnes of cement per day, according to news reports in Gulf News.com.

Salem Butti Al Nuaimi, Chairman and Managing Director, QNCC, and Alain Cordonier, CEO, for Fcb Ciment, signed the deal on Sunday. QNCC also signed a consulting agreement for the project with Basse Sambre-ERI from Belgium, which is also the consulting firm for plant 3.

Al Nuaimi told reporters that once the plants reach their projected capacity, QNCC will be able to fully meet the cement requirement of the local market with prospects for export of the surplus to neighbouring countries. He said that the new plant will be established in two stages with one of the cement grinders to be commissioned in 17 months and the other in 22 months.

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