Wednesday 29 March 2017
Manufacturing & Industry
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.
Libya's oil and gas minister says Saudi Arabian investors are studying the possibility of setting up cement and sugar factories in Misrata.
The Libya Report talks to Mario Zottele, CEO of the Joint Libyan Cement Manufacturing Company (JLCC), a joint venture between Austria’s Asamer and Libya's state-owned Economic and Social Development Fund (ESDF).
Suleiman al-Fitouri said that the government would appoint an external advisor to assess a strategy for the state-owned chemicals plant near Zuwara, in north-west Libya.
Ahliya Cement, which is part-listed on the Tripoli bourse and has plants in Khoms, says it made a loss in the year ending 31 December 2012.
Libya's prime minister says that a tender for waste collection services will be open to international firms if local companies are "not capable" of carrying out the work.
The Minister of Industry recently laid the foundation stone for a new rice factory to be built in the southern city of Sebha.
The Ministry of Industry has signed an agreement with the Libyan Investment and Development Company (LIDCO) to build a headquarters on Tripoli’s Airport Road.
Dubai-based Danube, a building materials supplier, says it is keen to develop its retail footprint in Libya.
Industry minister Suleiman al-Fituri tells France's ambassador to Libya that a review of contracts is "almost complete".
The Libyan-Tunisian-Italian Company for Sanitary Products, whose factory in Ghariyan manufactures sinks and toilets, is seeking to raise $1.1m (LD1.4m) in new investment through selling shares.
Plans over the next 18 months include a study of iron ore mining potential, the resumption of projects agreed prior to 2011, and infrastructure development on new industrial zones.
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Libyan Investment Summit
Libya Investment Summit 2017