The Arabian Cement Co. (ACC) is a

Libya Libya (; ar, ليبيا, Lībiyā), officially the State of Libya ( ar, دولة ليبيا, Dawlat Lībiyā), is a country in the Maghreb region in North Africa. It is bordered by the Mediterranean Sea to the north, Egypt to the east, Suda ...

n company involved in production of

cement A cement is a binder, a chemical substance used for construction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel ( aggregate) together. Cement mi ...

lime Lime commonly refers to: * Lime (fruit), a green citrus fruit * Lime (material), inorganic materials containing calcium, usually calcium oxide or calcium hydroxide * Lime (color), a color between yellow and green Lime may also refer to: Botany ...

gypsum Gypsum is a soft sulfate mineral composed of calcium sulfate dihydrate, with the chemical formula . It is widely mined and is used as a fertilizer and as the main constituent in many forms of plaster, blackboard or sidewalk chalk, and drywal ...

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 An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an ...

; on average, capacity utilization was 50%. In 2001, the Libyan Government proposed a number of state company projects for which

joint ventures A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access ...

would be considered. These included an expansion of ACC's cement plants in Libda and

Zliten Zliten ( ar, زليتن, Zlīten) is a city in Murqub District of Libya. It is located 160 km to the east of Tripoli. Location The name Zliten is given to both the city and the whole area. As a city, Zliten is situated east of the capita ...

, valued at $242 million and $169 million respectively. In February 2005, the

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

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.P. Mobbs 2005 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.

Notes

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 The United States Geological Survey (USGS), formerly simply known as the Geological Survey, is a scientific agency of the United States government. The scientists of the USGS study the landscape of the United States, its natural resources, a ...

*Mukhtar M. Ashour (2004)
''Economics of seawater desalination in Libya''
{{Webarchive, url=https://web.archive.org/web/20070715021433/http://www.desline.com/articoli/5640.pdf , date=2007-07-15 Tajora Research Center Cement companies of Libya Libyan companies established in 1988 1988 establishments in Libya Libyan brands

Background

See also

Notes

References