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LCC announces €200 million investment to increase production by 50%

The Address | Benghazi – Libya

TRIPOLI – Libya Cement Company (LCC) has announced firm plans for a major investment program which will see around € 200 million spent in expanding its production capacity over five years.

The planning is in the advanced stages, the LCC says, with tenders already issued for the Engineering, Procurement and Construction (EPC) of a mixture of new and upgraded facilities that will increase production capacity by more than 50 percent from around 2 million tons per year to over 3 million tons per year of cement.

Chairman and CEO of LCC, Robert Solomon told Libya Herald news website that the company is back in business after a long interruption caused by the Libyan 2011 revolution. ‘‘Kilns are turning, mills are grinding, and trucks are rolling out the gates bringing cement to the people of Benghazi for the first time in 5 years. Solomon, said. ‘‘It has been a long hard road to get to this point. And we must be clear, there is still a long, long way to go. But it’s a great feeling to be back’’.

‘‘In February the LCC recalled another 150 employees back to work. We now have over 1,000 workers back in full-time employment. More will be progressively called in months to come’’. The Benghazi factory restarted producing cement on 7 March and both bagged and bulk trucks are going out of the factories’ gates, he added.

Solomon said ‘‘these plans will turn the company’s vision to produce 3 million tons of cement a year into a reality. We are the leading manufacturer and supplier of cement in Eastern Libya, and our mission is to maintain that position’’.

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