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Qasco signs new loan.
2003 January 6

 
Qatar Steel Company signed a $68 million loan with Qatar National Bank. The four-and-a-half year loan will be used to refinance an existing loan. Qasco plans a $300 million-400 million expansion of its Mesaieed plant, which will add new steel and direct reduction iron (DRI) capacity.
 

GTS to implement Oracle E-Business Suite at Qatar Steel Company
2003 January 2

Global Technology Services (GTS) will implement the Oracle E-Business Suite at Qatar Steel Company (Qasco). Under the deal, the IT subsidiary of Emirates National Oil Company Limited (Enoc), will implement the fully integrated enterprise resource planning solution (ERP) system to cover Qasco's financial, supply chain, human resource management and manufacturing needs.
"Qasco will be the first company in the Middle East to implement the entire suite of Oracle applications, as the new suite includes the recently launched Enterprise Asset Management System," said Hussain Sultan, Enoc Group chief executive and board member.
 

Qasco plans 300 million-400 million US$ expansion
2002 December 7

Qatar Steel Company plans a 300 million-400 million US$ expansion of its Mesaieed plant. The project, will raise Qasco’s steel production capacity from 1 million to 1,5 million ton per year, and its DRI capacity from about 800.000 to 2 million ton per year by the year 2005.
The expansion will consist of a new 1,2 million-t/y DRI plant , a new 400.000 ton per year rod mill, and a 500.000ton per year expansion of the existing meltshop. For the DRI unit, Qasco expects to award the engineering, procurement and construction contract by mid-2003. The EPC packages have already been issued for the meltshop and rolling mill works, with bids to be returned in the first quarter of 2003.
 

QASCO launched e-business strategy with Oracle
2002 October 8

Qatar Steel Company (QASCO) is set to automate several of its core business processes as part of a new Oracle-based e-business strategy. Under the scheme, QASCO will implement Oracle E-Business Suite integrated modules including accounting, purchasing, order management, discrete manufacturing, asset management and human resources.

The centralization and automation of QASCO's information assets is aimed at increasing the company's business intelligence and efficiency as it targets production of more than 700,000 tons of steel products per annum.

QASCO's e-business transformation encompasses several key business objectives, including recognizing and managing the organization's key financial drivers, streamlining business processes, establishing a central data model, reducing transaction processing costs and cycle times, and ultimately providing QASCO customers with high quality products and efficient service.
“The Middle East's demand for steel products is increasing, partly because of the continued development of the construction industry. QASCO itself is also witnessing growth in its local and overseas export business due to highly favorable economic conditions in the State of Qatar, and because the company provides high quality products at competitive prices. In order to capitalize on these opportunities, QASCO needs to boost its productivity and streamline core business processes, which we can achieve through the company's new e-business focus,” commented QASCO's General Manager Shaikh Nasser Al-Thani.
“As the Middle East diversifies beyond its oil-based economy, organizations like QASCO increasingly become regional and global industry leaders that require the latest Information Technology (IT) solutions to increase their competitiveness and enhance profitability,” noted Husam Dajani, vice president for Oracle Middle East.
Qatar Steel Company Ltd. (QASCO) is the first integrated steel plant in the Arabian Gulf,established in October 1974.
 

Qatar: Qasco plans to increase output
2002 August 10

 		 Qatar Steel Company plans to raise production by 50 per cent over the next three years. In 2001 production was about 900.000 Tons. The increased production will be sold to export markets such as South Asia, USA, East Africa and Yemen.
  		  
 

Increase of production capacity of direct reduction unit at Qasco
2002 July 1

  
  Increase of production capacity of direct reduction unit at Qasco
The US' Midrex Technologies has been awarded a contract to increase the production capacity of the direct reduction unit at the Qatar Steel Company (Qasco) complex. The project will see the capacity of the plant rise to 800,000 tonnes a year (t/y) through the use of oxygen in the process flow and the installation of an oxide coating system.
Midrex, which designed, built and commissioned the original Mesaieed plant in partnership with Japan's Kobe Steel, will provide engineering, field services and some equipment for the oxygen use project. The oxygen will raise the temperature in the furnace and enhance reformed gas utilization to improve efficiency and performance at the plant. Other modifications will include the removal of equipment bottlenecks.
In 2001, Qasco produced a record 734,000 t/y of direct reduced iron (DRI). The DRI is used in Qasco's adjacent steel mill.
  		  

 
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