Saturday 25 February 2017
Manufacturing & Industry
The Ministry of Industry says its plans to invest in 2,000 small and medium size initiatives will create thousands of jobs.
The Libyan Iron and Steel Company (LISCO) says it has stopped works at several blast furnaces in an attempt to reduce energy use.
The Ministry of Industry has asked applicants who received approval for state financing towards industrial projects to follow up before the end of next month.
The board of the Libyan-Norwegian Fertiliser Company (Lifeco) met in Tripoli this week, with the plant enjoying a much-improved performance in the first half of the year.
The Alexandria-based manufacturer of ceramics and sanitary wares said its strong second-half results were partly down to higher demand from the Libyan market.
The state-controlled Ahilya Cement Company says it made a profit in the first half of the year after racking up a loss in 2012.
The Czech division of Austrian tile-maker Lasselsberger has reportedly won a deal to sell 500,000 square metres of ceramic tiles to a private Libyan client.
One of Tunisia's largest business groups said its subsidiaries in Libya restarted work inJanuary, and generated some TD10m (LD7.7m) in revenues from the country by the end of May.
The Gordabiya milk factory, near Sirte, is now reportedly packaging 10,500 litres per day of fresh milk and has further plans to increase output.
The Minister of Industry, Suliman al-Fituri, recently met Spain's ambassador in Tripoli to discuss cooperation in fields such as iron ore, gold mining and agriculture.
The UAE/India-based group says it has resumed full operations at its steel manufacturing plant in Misrata.
The chief executive of Norway-based Yara, which owns a 50% stake in a fertiliser plant in north-east Libya, has held meetings with the oil and gas minister.
The fertiliser plant in north-east Libya, which is 50%-owned by Norway's Yara, saw improved performance in the first quarter of 2013 but is still experiencing operational problems.
The Minister of Industry says delay in launching projects due to restructuring work on loans after government banned interest payments.
Steel production at the Misrata-based Libyan Iron and Steel Company (LISCO) was close to 50,000 tonnes in December, Platts reports.
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