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FINANCIAL NEWS
Industries Qatar to expand petrochemical request
25 Feb 2016
(MENAFN) Industries Qatar, one of the main listed industrial groups is planning for ethane petrochemicals, which will take final decision after results of viability study.
Accordingly, the firm is looking at expansion for ethane, like Qapco for instance, and will study the possibility of spreading but until it’s ready with feasibility study.
Moreover, the request for steel is ready to increase which is good for firm’s business, and it has an essential plant, while Qatar is very high demand market for steel.
However, despite some challenges and the decrease in product prices, the group was able to record revenue of USD 1.21bn exceeding 2015 group debt by more than 20 Pct.
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