Tag Archives | cement

EUR200m Libyan Cement Company Investment

By John Lee. The Libyan Cement Company (LCC) held a major management meeting in Benghazi, with over 60 senior managers from across the LCC group were invited to hear about the latest progress and the Company’s plans for the future. According to a statement from the company: “LCC is back in business. Kilns are turning, […]

New Cement Plant to be built in Nalut

By John Lee. The Libyan Fund for  Economic and Social Development and the National Company for Building Material Industry have  has signed a memorandum of understanding (MoU) to build a cement plant in Nalut. The plant will have a capacity of 1.6 million tonnes annually. (Source: Central Bank of Libya)

Benghazi Cement Plants to be Rehabilitated

By John Lee. The Libyan Cement Company (LCC) has said that damage to its two plants in Benghazi has been significant, but believes they can be brought back into production by summer 2018. The factories, in Hawari district, were caught up in the battles between the Libyan National Army (LNA) and militia groups in March […]

LHG Buys Libyan Cement Company

Libya Holdings Group Ltd. (“LHG”), the investment company focused on growth opportunities in the Libyan market, today announced that it has reached an agreement to acquire a majority stake in Libyan Cement Company Inc. (“LCC”) through a special purpose acquisition vehicle. The transaction will mark a further step towards establishing LHG’s position as a dominant […]

Libya Drives Egypt’s First Exports Rise for 6 mths

Data from Egypt’s Department of Industry and Commerce shows that demand from Libya is responsible for the country’s first increase in exports in six months. Ahmed El-Zeini, head of construction material division in Cairo’s chamber of commerce, said, “Libya started to import large quantities of Egyptian cement, taking advantage of the lower costs, since it […]

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