Arabian Cement Company: Difference between revisions
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The '''Arabian Cement Co. (ACC)''' is a [[Libyan]] company involved in production of [[cement]], [[Lime (mineral)|lime]], [[gypsum]] and paper bags for cement packaging, and 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== | ==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 | 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> | 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> | ||
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==Notes== | ==Notes== | ||
{{reflist|2}} | {{reflist|2}} | ||
==References== | ==References== | ||
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[[Category:Cement companies of Libya]] | [[Category:Cement companies of Libya]] | ||
[[Category:Cement companies]] | [[Category:Cement companies]] | ||
[[Category:Companies established in 1988]] | |||
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Latest revision as of 05:01, 29 September 2026
The Arabian Cement Co. (ACC) is a Libyan company involved in production of cement, lime, gypsum and paper bags for cement packaging, and 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%.[1] 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.[2]
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.[3]
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.[4]
See also
Notes
- ↑ P. Mobbs (1998)
- ↑ P. Mobbs 2001 p. 19.1
- ↑ P. Mobbs 2005
- ↑ Public Offering For Cement Company, New York Times, February 3, 2005
References
- J.M. Cowan (1994), The Hans Wehr Dictionary of Modern Written Arabic
- Philip M. Mobbs (1998), The Mineral Industry of Libya
- Philip M. Mobbs (2001), The Mineral Industry of Libya
- Philip M. Mobbs (2005), Minerals Yearbook: Libya, USGS
- Mukhtar M. Ashour (2004), Economics of seawater desalination in Libya Tajora Research Center