(MENAFN- The Peninsula) By Satish Kanady I The Peninsula
With Qatar National Cement Company's (QNCC) Plant No 5 production line becoming fully operational, QNCC is eyeing foreign markets. The new plant, which is capable of adding 5,000 tons/day clinker to the existing 11, 000 tons/day, the company is capable of meeting 100 percent local demand and is looking to export both clinker and cements to foreign markets, QNCC Chairman said yesterday.
Speaking on the sidelines of QNCC's annual ordinary and extraordinary general assembly meeting yesterday, Salem bin Butti Al Naimi, Chairm and Managing Director told The Peninsula the 5th production line of a 5'000 tons/day clinker capacity was fully operational two months ago and is currently under the total control of QNCC.
'The plant is running very well. And our total production capacity from the clinkering today is 16,000 tons/day, Al Naimi said.
With the additional capacity, QNCC is looking for the markets around. 'We see some countries like Yemen and Iraq will need cements. We also see huge export potential in some GCC countries. QNCC is willing to take products anywhere outside the country. Today, w e can export tinker and cement. For the first time in the country, we have also started producing white cement. As of now, our cement production capacity stands something between 18,000 tons/day to 21,000 tons/day, the Chairman added.
Earlier, addressing the general assembly meeting, Al Naimi said QNCC will continue to support the infrastructure plans of Qatar in 2019. QNCC has plans to diversify its production by adding new types of cement to meet the demand of local market and utilize the opportunity of exporting to external markets.
This year, the QNCC has also plans to utilise the optimum production capacity o washed sand and calcium carbonate to meet the expected local market demand to achieve the targeted goals of the company.
Commenting on QNCC's 2018 performance, Al Naimi said the company had supported the massive construction boom in Qatar by meeting the market demand for all types of cement and washed sand successfully from company's own production lines, maintaining high quality standards. In 2018, QNCC was able to control the production cost by contracting with service providers for the regular supply of required labour force and by increasing the company's operation efficiency.
The ordinary and extraordinary general assembly meeting passed all the agenda that was placed on table, including the approval of the Board of Directors recommendation to distribute 50 percent of the share capital as cash dividend to the shareholders for the year 2018.
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