The Libyan Cement Company (LCC) was established in 1968 in Benghazi – Libya’s second largest city. Since its founding LCC has established three plants with a total installed capacity of 2.4 million tons. Two plants are located in Benghazi and the third in Al Fatiah – approximately 20 kilometres from Derna.
LCC is a proud and resilient Company providing cement for over 50 years to the Libyan market. LCC’s immediate objective is to return to production in Benghazi. The General Assembly, the Board of Directors and Management of LCC have approved an investment program to repair and upgrade all of its facilities. Central to the investment program is the construction of a new production line – Benghazi 4 – which will have an annual production of 1.2 M tons of cement.
The investment program to repair and upgrade the plants and to reach the full production will continue for the next 4 – 5 years, it will also ensure over 3 million tons a year of locally produced cement – a critical product required for the reconstruction of Benghazi.
A return to initial and then full production will therefore have a medium term positive social impact within Benghazi. The full impact however will be felt over the longer term when LCC succeed in returning the Benghazi factories to long term sustainable and profitable production.
Secure jobs, encouraging inward investment and contracts for local suppliers and producers will be key to the Social impact LCC will begin to have within Benghazi.