Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) has taken over the marketing, sales and distribution activities of Qatar Fertiliser Company (Qafco).
Now on, Muntajat will market urea, ammonia, melamine and urea formaldehyde condensate (UFC-85) produced by Qafco, Qatar Melamine Company (QMC) and Gulf Formaldehyde Company (GFC).
Qafco became the world's fourth largest urea producer in December 2012, when its QR2.2bn Qafco-6 plant came online and boosted the company's production to 5.6mn tonnes per year.
HE the Minister of Energy and Industry, Dr Mohamed bin Saleh al-Sada said, "Qafco was the country's first large-scale venture in the chemical sector and served to diversify our economy. Transitioning the sales and marketing of Qafco's products to Muntajat continues the legacy of this producing entity, which has been at the heart of Qatar's chemicals industry for more than 40 years now. Muntajat's marketing of Qafco's products will have a material effect on the fertiliser industry by creating efficiencies in sales and distribution channels, thereby reinforcing Qatar's strong market position in the growing global fertiliser market."
Muntajat CEO Abdulrahman Ali al-Abdulla said, "This second transition strengthens Muntajat's economies of scale and global reach. By bringing key individuals from Qafco to the sales and marketing team at Muntajat, it provides further assurance of the expertise of our team, which is committed to the continued supply of our superior products and dedicated to the long-term creation of value for all our stakeholders."
The migration of Qafco's marketing, sales and distribution activities to Muntajat was completed on March 1, marking an important milestone in the company's strategic consolidation programme.
Conceived as the gateway to Qatar's chemical and petrochemical production companies, Muntajat has already begun to demonstrate its unique proposition to Qatar's chemical, polymer and fertiliser exports, effectively reducing lead times and developing strong service relationships with new and existing customers worldwide.
Qafco CEO Khalifa Abdulla al- Sowaidi said, "The transition of marketing, sales and distribution to Muntajat allows us to focus on expanding our production capacities and will further strengthen the key role that Qafco plays in the global fertiliser market."
Yousef Jeham al-Kuwari, Muntajat executive director (marketing and sales) said, "The reliability of supply that customers have come to expect over four decades of experience with Qafco will continue with Muntajat."
Muntajat said it plans to complete the proposed consolidation of all nine operating entities by mid-2013, resulting in a single focal point for the marketing and distribution of the country's chemical and petrochemical products and providing an exceptional platform for economic growth, in line with Qatar National Vision 2030.
© Gulf Times 2013
