Arabian Cement Company

2007-09-27T13:34:15Z

217.198.224.13:

{{Infobox Company
| company_name = '''Arabian Cement Co.'''
| company_logo =
| company_type = Public
| foundation = 1988
| location = [[Al Khums, Libya]]
| key_people = Mohammed Ali Sakkah (Chairman) Moustafa Al Tafouh (General Manager, Technical and Production) Jouma Hundar (GM)
| industry = [[Cement]]
| products = [[Construction]] [[Ready-mix concrete]] [[Gypsum]] [[Lime]]
| revenue =
| operating_income =
| net_income =
| num_employees = 3,000
| homepage = http:/www.acclibya.com
}}

The '''Arabian Cement Co.''' (ACC) is a [[Libyan]] company involved in production of [[cement]], [[Lime (mineral)|lime]], [[gypsum]] and paper bags for cement packaging, as well as other construction related operations. It has a total production capacity of roughly 3.340 million tons per year (t/yr) and currently operates seven plants throughout Libya. The company's investment volume was estimated at Ld 180 million.

==Background==
Nationally, the cement sector in Libya is not a major economic actor. Nevertheless, on a sectoral level, the impact of the production of cement on the natural and social environment in Libya is important. ACC was formed as a state-owned company in [[1988]], resulting from a [[merger]] between the National Cement & Building Materials Establishment and the Souk El Khamis General Cement & Building Materials Corporation. Since then, cement manufacture in Libya has been the sole domain of two parastatals; the ACC and the Libyan Cement Co. In [[1998]], ACC operated four plants: [[El Mergeb]] with a 330,000-t/yr capacity, and [[Souk]], [[El Khamis]], and Lebda each with a 1-M/yr capacity. Production from the two companies satisfied most domestic demand, and minimal surplus was available for [[export]]; on average, capacity utilization was 50%.<ref>P. Mobbs (1998)</ref> In [[2001]], the Libyan Government proposed a number of state company projects for which [[joint ventures]] would be considered. These included an expansion of ACC's cement plants in [[Libda]] and [[Zliten]], valued at $242 million and $169 million respectfully.<ref>P. Mobbs 2001 p. 19.1</ref>

In February 2005, the [[initial public offering]] of shares in the formerly state-owned ACC resulted in the sale of 60% of the company for $273 million. Later that year, ACC proposed to build a second 1-Mt/yr-capacity cement production line at its Zliten plant.<ref>P. Mobbs 2005</ref>

It was the country's first IPO and the biggest sale of a government-owned business as Col. Muammar el-Qaddafi's government began stepping up efforts to attract private investment and open the economy after the lifting of international sanctions on Libya in 2004.<ref>[http://query.nytimes.com/gst/fullpage.html?res=9B03E3DE103BF930A35751C0A9639C8B63 ''Public Offering For Cement Company''], ''[[New York Times]]'', February 3, 2005</ref>

==See also==
*[[Libyan Cement Company]]
*[[Libyan Iron and Steel Co.]]

==Notes==
{{reflist|2}}

==References==
<div class="references-small">
*J.M. Cowan (1994), ''The Hans Wehr Dictionary of Modern Written Arabic''
*Philip M. Mobbs (1998), [http://minerals.usgs.gov/minerals/pubs/country/1998/9222098.pdf ''The Mineral Industry of Libya'']
*Philip M. Mobbs (2001), [http://minerals.usgs.gov/minerals/pubs/country/2001/lymyb01.pdf ''The Mineral Industry of Libya'']
*Philip M. Mobbs (2005), [http://minerals.usgs.gov/minerals/pubs/country/2005/lymyb05.pdf ''Minerals Yearbook: Libya''], [[USGS]]
*Mukhtar M. Ashour (2004), [http://www.desline.com/articoli/5640.pdf ''Economics of seawater desalination in Libya''] Tajora Research Center

[[Category:Cement companies of Libya]]
[[Category:Cement companies]]

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Arabian Cement Company