The story
Founding and early production (1968–1980s)
The Libyan Cement Company began production in 1972 with a single factory in Benghazi, with an initial capacity of 200,000 tonnes per year of ordinary Portland cement. A second production line was commissioned in 1974, adding a further 400,000 tonnes per year of capacity, followed by a third line in 1977 with an additional 400,000-tonne capacity, which brought the company's total output to approximately one million tonnes per year.
The company expanded its operations through additional facilities in the surrounding region. The Hawari cement plant was established in 1978 with a design capacity of one million tonnes per year of ordinary Portland cement. In 1987, modifications were made to both production lines to produce sulphate-resistant cement for the Great Man-Made River project. The El-Fataiah cement factory, located approximately 20 km east of Derna and 300 km east of Benghazi, began production in 1984. It has two production lines with a combined capacity of one million tonnes per year. A paper-bag manufacturing facility began production in 1975 with an initial capacity of 100,000 bags per day. A second production line was added in 1978.
Operational developments (2000s)
By 2007, the Benghazi plant was producing approximately 800,000 tonnes per year. The original 1972 factory subsequently halted production owing to maintenance problems.
Changes in ownership (2008–present)
In 2008, The Libyan Cement Manufacturing Joint Venture Company (JLCC), a joint venture between Austria's Asamer Group and Libya's Economic and Social Development Fund (ESDF), acquired a 90% stake in LCC, while the remaining 10% was held by LCC employees. In April 2015, Libya Holdings Group announced an agreement to acquire a majority stake in LCC from QuadraCir Group, formerly Asamer Holding AG.
In 2023, Ahmed Gadalla, founder and chairman of Alushibe Holding Group, acquired shares in the Libyan Cement Company and later became chairman of the company.
The company announced plans to rehabilitate and expand its production facilities, with the stated aim of increasing total annual production capacity to approximately three million tonnes.
From Wikipedia’s article on Libyan Cement Company, shared under CC BY-SA 4.0.3