Friday 24 March 2017
Manufacturing & Industry
The Libyan Norwegian Fertiliser Company (Lifeco) plant in Brega reopened last month after being shut down in January when local militia blocked the site.
Q1 figures suggest the state-controlled cement producer's revenues are on course to surpass 2013 levels.
A number of decisions have been approved by the cabinet, including a preliminary go-ahead for a 664 hectare "industrial city" in Derna.
Libya's Industry Union has signed a contract with Sahara Insurance to provide cover for its members.
The Zliten Local Council has given permission to the Al-Nasr Cement Company to build a new cement plant in the town.
Industry minister Suleiman al-Fituri met with the senior management of the Economic and Social Development Fund (ESDF) to discuss challenges facing Al Enmaa Pipe Manufacturing.
At next month's general meeting, the cement producer says it intends to discuss future strategy and plans to find a foreign investor for its gypsum plant.
One of Libya's largest manufacturers of dairy products has opened two new production lines at its main factory in Misrata.
Germany’s Hoffmann Group, which manufactures industrial tools, has appointed a representative for the Libyan market.
The Ahliya Cement Company has reported its headline figures for 2013, with revenues up around 50% year-on-year.
Norway's anti-corruption authority has fined the fertiliser company, which acquired a stake in a Libyan chemicals plant in 2008, for paying bribes in Libya and other countries.
The Saudi-based manufacturer says it has postponed plans to restart its operations in Libya because of the "deteriorating security situation" in the country.
The Minister of Industry has laid the foundation stone for a new industrial zone, while announcing the opening of a new mill and an industrial research office, both in Benghazi.
The head of the state-owned steelmaker told Reuters that output would only rise slightly in 2014, but expansion plans would continue and the company was seeking export opportunities in Algeria.
The Ministry of Industry has denied claims it intends to sell-off several state-owned companies, saying they are only seeking to evaluate the firms.
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