QVC

Qatar Vinyl Company was established in 1997 and is located in Mesaieed Industrial City approximately 40 km South of Doha. Location of the plant is advantageous in terms of land, infrastructure, general utilities, safety, security and telecommunication. The plant has access to port infrastructure with sufficient capacity to accommodate vessels up to 55,000 tonnes for the import of salt and export of caustic soda, EDC and VCM.

The facilities were constructed by a consortium of Krupp Uhde GmBH and Technip Italy on a lump sum turnkey basis.

Project completion was achieved approximately 30 months after signing of the EPC Contract, with start up of the facilities taking place during the second quarter of 2001. The initial workforce numbered around 180 employees.

Milestones

January 1997 Signing of the Joint Venture Agreement
December 1997 Emiri Decree establishing QVC as a Qatari Share Company
December 1998 Signing of Project Financing Agreement and Lump Sum Turn Key Contract
May 1999 The Stone Laying Ceremony carried out by HH The Heir Apparent
April 2001 Commencement of EDC and Caustic Soda production
June 2001 Commencement of VCM production
June 2001 The Inauguration Ceremony took place under the auspices of HH The Emir of the State of Qatar
May 2002 Financial completion was achieved