From left: The Minister of Energy and Industry and Chairman of the Board of Directors of Muntajat, H E Dr Mohammed bin Saleh Al Sada, the Chief Executive Officer of Qafco, Khalifa Abdulla Al Sowaidi, and the Chief Executive Officer of Muntajat, Abdulrahman Ali Al Abdulla.
DOHA: Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) has assumed exclusive responsibility for the marketing, sales and distribution activities of Qatar Fertiliser Company (Qafco), completing the second phase of a comprehensive marketing consolidation of Qatar’s chemical and petrochemical industry.
A leading global fertiliser company, Qafco has transitioned to Muntajat the marketing of 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 last year, when its QR2.2bn Qafco-6 plant came online and boosted the company’s annual production to 5.6m MT.
The Minister of Energy and Industry and Chairman of the Board of Directors of Muntajat H E Dr Mohammed 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.”
The Chief Executive Officer of Muntajat, 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 marketing, sales and distribution activities for Qafco’s entire product range to Muntajat was completed on March 1, marking an important milestone in the company’s strategic consolidation programme. Established by Emiri Decree in December 2012, Muntajat reached its first consolidation milestone with Qatar Fuel Additives Company Limited (QAFAC) in early February.
Conceived as the gateway to Qatar’s chemical and petrochemical production companies, Muntajat has already begun to demonstrate its unique proposition to the State’s chemical, polymer and fertiliser exports, effectively reducing lead times and developing strong service relationships with new and existing customers worldwide.
The Chief Executive Officer of Qafco, 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.”
Muntajat, which is already processing new orders for urea and ammonia products, has informed all of Qafco’s current customers about the new service relationship, and is strengthening its customer service with personal visits to ensure a seamless transition.
Yousef Jeham Al Kuwari, Executive Director, Marketing and Sales of Muntajat, said: “The reliability of supply that customers have come to expect over four decades of experience with Qafco will continue with Muntajat. Qafco’s facilities and assets are able to achieve continuous supply to meet the world’s growing demand for fertilisers.”
Muntajat 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.
The Peninsula
