Largest Industrial Companies in Libya
Marcopolis.net presents largest industrial companies in Libya.
Major industrial companies in Libya are controlled by the Ministry of Industry. There are 9 companies that are directly owned by the Ministry and there are also some other companies belonging to other sectors, including the Ministry of the Economy and the Investment Fund.
Libya's main competitive advantage is cement, petro chemicals, refining, and power generation, for example solar and wind energy intensive industries. The industrial sector is in need of major upgrade and reforms. 40 years of regime coupled with non-existent private property notions (all industries belonged to worker creating inefficiencies) has left a majority of industrial companies uncompetitive.
While industry is the priority of the new government, the contribution of this sector to the GDP remains weak. The ministry is also on track to build new industrial free zones that would attract manufacturing industry to serve as a re-export hub for Africa and Europe.
One of the major industrial free zone is the Misrata Free Zone in the city of Misrata. There are plans to build additional 40 industrial zones and already 10 are ready to go ahead in terms of infrastructure activities.
Prior to the revolution the government adopted a nationwide 3 year industrialization plan totaling LYD 3.3 billion aimed at more than 2000 industrial projects to produce processed food, chemicals, clothing, shoes, building materials and timber. The vision of the ministry of industry is to contribute 30% to the GDP by 2030.
Also, the ministry of industry is setting up a industrial development bank to fund SMEs. The plan is to start up around 2,000 small and medium enterprise projects distributed in different areas, developing different areas and reducing the crowding of the capital and the main cities.
The ministry, along with the affiliated companies -- the bulk of industry in Libya -- employ in excess of 14,000 people.
Largest Industrial Companies in Libya
Libyan Iron and Steel Company (LISCO)
Libyan Iron and Steel Company is one of the largest companies in Libya with an annual designed capacity of 1,324,000 ton of liquid steel. The company is situated near the coastal city of Misrata , about 210 km east of Tripoli on an area of 1,200 hectares.
Misrata Milk and Beverages
Tripoli Water and Beverages
Libya Trucks And Buses Co. (TBCo)
Trucks & Buses Company is a company with more than 20 years of exceptional experience in Engineering, Manufacturing Assembling & Marketing of Trucks & Buses and their spare parts and Components. Based in Tajura (Tripoli, Libya), shared with IVECO (Turin, Italy). Certified by TUV Management Service GmbH (ISO 9001: 2000).
The history of a company usually starts with its establishment. In 1962 international activities were put on a new basis with the establishment of the first production plant outside Norway in Libya. Odd Gleditsh junior was by this time in the management of Jotun, and on his initiative Libyan Norwegian Industrial Company' Linoco – was established. Linoco played an important role in the international development of Jotun, this became the platform for Jotun's later development as a major paint manufacturer in the Middle East and South East Asia.
Largest Petrochemical Companies in Libya
Marsa El-Brega Complex
The Marsa El-Brega complex is operated by the National Petrochemical Company (Napectco). SOC merged with the National Petrochemical Company, creating the Sirte Oil Company for Production, Manufacturing of Oil and Gas. Activities included oil refining, liquefaction of natural gas and petrochemicals (methanol, ammonia and urea).
Sirte Oil Company's (SOC) petrochemical complex located near the coastal town of Marsa El Brega (800 Km east of Tripoli) can be considered as the largest petrochemical industrial complex in Libya. The complex contains six productive plants: two for the production of Methanol, two for the production of Ammonia and the remaining two for the production of prilled Urea. In addition to these plants are other utilities which are linked to the complex and are needed for operation and maintenance work activities.
The Sirte Oil Company (SOC) and Yara International have combined forces to establish the Libyan Norwegian Fertiliser Company (Lifeco). Lifeco's goal is to optimize and upgrade the Marsa el Brega fertiliser complex, thereby ensuring its competitive future.
To develop the complex at Marsa el Brega, Lifeco is leveraging both SOC's almost three decades of local manufacturing experience and Yara's century-long global expertise.
Al-Burayqah Methanol Production Facility
Ras Lanuf Oil and Gas Processing Company
Ras Lanouf is the location of an as yet uncompleted project being developed by the Ras Lanuf Oil and Gas Processing Company (Rasco) to produce various chemicals including benzene, butadiene, methyl-tertiary-butyl ether and butene-1.
Abu-Kammash Chemical Plant
The construction of GCCI at Abu-Kammash is one of the industrial projects. It based on the utilization of a brine from Sebkha, which is located in the northwest of Libya.
The privatisation of the Abu-Kammash plant has been halted because the international standards have stopped the process. The problem was that the plant was using mercury as a medium to electrolyse the salt from the brine. The ministry of industry has closed this plant until there is a electrolysis technique available that is environmentally friendly. This will require about 18 months and 150 million Libyan dinars of investment initially. The factory is on hold now.
Largest Industrial Free Zones in Libya
Misrata Free Zone Company
Currently, about 1,200 people work on site, but within 20 years, the Misrata Free Zone Company should be providing for 80,000 people.
The idea of the (Duty) Free Zone is to handle millions of dollars of goods, with only the products which are imported into Libya-proper being subject to tax. At the moment, that's the lion's share of the business.