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FINANCIAL NEWS
Qatar Steel awards $2m deal to GE unit
14 Feb 2010
(MENAFN) Qatar Steel said that it has selected GE Intelligent Platforms to provide a complete production management solution designed to improve operating efficiency, under a $2 million contract, a press statement said.
The contract features GE’s award-winning suite of Proficy software including Plant Applications, Historian, iFIX and Portal rolled out in a phased format led by a significant pilot project.
The Proficy software solution covers design and implementation for data collection from multiple systems including material storage, handling and control, direct reduction furnaces, electric arc furnaces, ladle furnaces, continuous casting machines, bar rolling mills, the plant’s Quality Control Centre and Enterprise Resource Planning (ERP) system.
The Middle East is expected to produce more than 60 million tons of raw steel by 2010 and Qatar Steel will be a forerunner in this production. The company is regarded as an innovator and has been instrumental in the development of the region since 1978 when production began.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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