Libyan and Gulf Investors Buy Biggest Cement Company in Eastern Libya .
Pulbished on:
Tripoli : 29.4. 2015 - Lana - Libya Holding Group has declared
that it bought most of the shares in Libyan Cement Company managed by
Austrian Company in the Eastern Region of Libya .
According to CEO of the mentioned company Mr. '' Ahmed Ben Halem ''
,the group concluded this deal with investors from Saudi Arabia and
the Emirates without specifying them , while '' Ben Halem ''
indicated that the deal's value in tens of millions .
Mr. '' Ben Halem '' underlined that the new owners plan to invest
more than ( $ 50 million ) to double the production capacity of the
company.
It is to be noted that Libyan Cement Company runs ( 6 )
production lines through three factories in Benghazi , Al-Hawari and
Al-Fataih in Derna and covers more than one third of the local market
need of cement .
= Lana =