Italcementi signed a newly incorporated joint venture with the Libyan Economic and Social Development Fund, dedicated to the construction of a green-field cement plant some 50 km west of Tobruk in Eastern Libya.
The new jv finalized a mining concession agreement with the National Mining Company of Libya, the government body regulating the use of mineral resources in the country , Italcementi will indirectly control 50% of the capital of the joint venture.

The plant is planned to reach a total capacity of 4 million tons/year of ordinary Portland cement. A new white cement line is also being considered. The plant will answer to the growing needs of the Libyan market, sustaining the significant infrastructure and housing development plans of the country. It will also be ideally located to serve the export market with a particular focus on the Mediterranean basin, strengthening Italcementi’s leadership in the area.