Chairman's Message

Full message of QIMC Chairman; Sheikh Abdul Rahman Bin Mohammed Bin Jabor Al-Thani

chairman-en

Dear Shareholders,

Qatar Industrial Manufacturing Co. (QIMC) started its activity in 1990 and soon became, within a short period of time, one of the leading small andmedium industrial groups in Qatar, having ownership or partnership in seventeen (17) operational industrial establishments. QIMC has presence in all the industrial cities of Qatar and is active in petrochemicals, chemicals and building materials, in addition to food industry.

During 2015, QIMC witnessed the development of its existing businesses and the overcoming of their faced difficulties to insure their progress, modify their routes and enhance their production. In this connection, Qatar Clay Bricks Co. (QCBC) has established and started operating a modern hollow concrete blocks production unit and National Paper Industries Co. (NAPICO) has replaced its old paper rolls line with a new integrated automatic one, which will lead to the improvement of both production quality and quantity. Furthermore, Amiantit Qatar Pipes Co. (AQAP) and Qatar Paving Stones Co. (QPS) have successfully completed their new expansion projects and started commercial production from the new machines. In December 2015, Qatar – Tunisian Food Co. (QT-Food) witnessed the inauguration of its new plant in Salwa New Industrial Area by H.E. the Tunisian Prime Minister.

Work is also underway to complete the implementation stages of projects under construction, such as KLJ – Organic Qatar (KLJ-Q), where work is progressing in full swing to complete the civil engineering work and the plant operation is expected to start in 2018, on God’s will. The Wood Plastic Composites (WPC) project, which is an expansion for Qatar Plastic Products Co. (QPPC), has nearly completed the civil work, and is expected to start equipment erection phase shortly. This factory is planned to be commissioned during the second quarter of 2016. At present, the project design for Chemicals Storage Facility in Ras Laffan Industrial City (RLIC) has been finalized and the equipment tendering is underway. This facility is expected to be completed by 2018.

QIMC is also exploring the expansion of some of its other existing business units, such as Qatar Aluminium Extrusion Co. (QALEX) where a study is underway to add a new extrusion line with other supporting units, in order to increase the production and to give flexibility in terms of product types and quality. We are also pleased to announce the success of QIMC in sustaining its performance despite the market downtrends in 2015. Some of our group companies have also successfully exported their products to Gulf Cooperation Council (GCC) and other Arab countries. Moreover, we continue to explore and evaluate other industrial investment opportunities with various reputed international partners and they will be announced after their feasibility is ascertained.

We have made significant progress in our real estate projects and have obtained the necessary approvals from the concerned authorities for the iconic QIMC tower, which will replace the existing QIMC Headquarter. It is expected to start with the tower infrastructures at the beginning of this year and planned to be completed by 2019. Work is also underway for construction of Lusail tower, which is also planned to start during this year and to be completed by 2019. In Abu Saleel Logistic Warehouse project, the construction of labor accommodation and related amenities is at a very advanced stage, targeting to be delivered by May 2016, while the construction of the warehouse facilities is set to start by mid- 2016 and planned to be completed in 2017.

Finally, I would like to take this opportunity to extend my sincere thanks and gratitude to H.H. Sheikh Tamim Bin Hamad Al-Thani, the Emir of Qatar, H.H. Sheikh Hamad Bin Khalifa Al-Thani, the Father Emir, H.E. Sheikh Abdullah Bin Nasser Al-Thani, Prime Minister & Minister of Interior, H.E. Dr. Mohammed Saleh Al-Sada, Minister of Energy & Industry, H.E. Sheikh Ahmed Bin Jassim Al-Thani, Minister of Economy & Trade, H.E. Ali Shareef Al-Emadi, Minister of Finance and all Ministers of the wise government for their continuous support to the progress and prosperity in this great country. Our thanks are also extended to all government and semi-government institutions, our partners, our distinguished customers and our valuable shareholders for their sustained support to QIMC for the achievement of its objectives and great ambitions.

Abdul Rahman Bin Mohammed Bin Jabor Al-Thani
Chairman