Arabian Cement Co.

Infobox Company
company_name = Arabian Cement Co.
company_
company_type = Public
foundation = 1988
location = Al Khums, Libya
key_people = Mohammed Ali Sakkah (Chairman) Moustafa Al Tafouh (General Manager, Technical and Production) Jouma Hundar (GM)
industry = Cement
products = Construction Ready-mix concrete Gypsum Lime
revenue =
operating_income =
net_income =
num_employees = 3,000
homepage = http://www.acclibya.com

The Arabian Cement Co. (ACC) is a Libyan company involved in production of cement, lime, gypsum and paper bags for cement packaging, and other construction related operations. It has a total production capacity of roughly 3.340 million tons per year (t/yr) and currently operates seven plants throughout Libya. The company's investment volume was estimated at Ld 180 million.

Background

Nationally, the cement sector in Libya is not a major economic actor. Nevertheless, on a sectoral level, the impact of the production of cement on the natural and social environment in Libya is important. ACC was formed as a state-owned company in 1988, resulting from a merger between the National Cement & Building Materials Establishment and the Souk El Khamis General Cement & Building Materials Corporation. Since then, cement manufacture in Libya has been the sole domain of two parastatals; the ACC and the Libyan Cement Co. In 1998, ACC operated four plants: El Mergeb with a 330,000-t/yr capacity, and Souk, El Khamis, and Lebda each with a 1-M/yr capacity. Production from the two companies satisfied most domestic demand, and minimal surplus was available for export; on average, capacity utilization was 50%. [P. Mobbs (1998)] In 2001, the Libyan Government proposed a number of state company projects for which joint ventures would be considered. These included an expansion of ACC's cement plants in Libda and Zliten, valued at $242 million and $169 million respectfully. [P. Mobbs 2001 p. 19.1]

In February 2005, the initial public offering of shares in the formerly state-owned ACC resulted in the sale of 60% of the company for $273 million. Later that year, ACC proposed to build a second 1-Mt/yr-capacity cement production line at its Zliten plant. [P. Mobbs 2005]

It was the country's first IPO and the biggest sale of a government-owned business as Col. Muammar el-Qaddafi's government began stepping up efforts to attract private investment and open the economy after the lifting of international sanctions on Libya in 2004. [ [http://query.nytimes.com/gst/fullpage.html?res=9B03E3DE103BF930A35751C0A9639C8B63 "Public Offering For Cement Company"] , "New York Times", February 3, 2005]

ee also

*Libyan Cement Company
*Libyan Iron and Steel Co.

Notes

References

*J.M. Cowan (1994), "The Hans Wehr Dictionary of Modern Written Arabic"
*Philip M. Mobbs (1998), [http://minerals.usgs.gov/minerals/pubs/country/1998/9222098.pdf "The Mineral Industry of Libya"]
*Philip M. Mobbs (2001), [http://minerals.usgs.gov/minerals/pubs/country/2001/lymyb01.pdf "The Mineral Industry of Libya"]
*Philip M. Mobbs (2005), [http://minerals.usgs.gov/minerals/pubs/country/2005/lymyb05.pdf "Minerals Yearbook: Libya"] , USGS
*Mukhtar M. Ashour (2004), [http://www.desline.com/articoli/5640.pdf "Economics of seawater desalination in Libya"] Tajora Research Center