Italcementi confirms the news released by the Libyan authorities over the last days about the construction of a new cement plant in the country.
The Italian company, in joint venture with the Libyan Economic and Social Development Fund, will build a new cement plant some 50 km west of Tobruk in Eastern Libya. The new jv already finalized a mining concession agreement with the National Mining Company of Libya, the government body regulating the use of mineral resources in the country. Italcementi Group will control 50% of the capital of the joint venture.
The plant is planned to have a total capacity of 4 million tons/year of Portland cement. A new white cement line with a capacity of 500 thousand tons/year is also being considered. According to preliminary estimates, the investment is expected to be between 550 and 750 million dollars, depending in particular on the construction of the white cement line and on the typology of the logistics infrastructures required by the plant.
The plant will answer to the growing needs of the Libyan market, sustaining the significant infrastructure and housing development plans of the country. It will also be ideally located to serve the export market with a particular focus on the Mediterranean basin, strengthening Italcementi’s leadership in the area.

Press release

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