Libya Herald reports that the Libyan Iron and Steel Company (LISCO) has seen November sales in excess of LD 40 million ($32 million), the Misrata business’s highest since the revolution. The company has also said that its production of reinforced steel reached yearly production targets two months ahead of schedule.
Company Chairman, Mohamed Abdul-Malik, told the Libya Herald that the increased sales indicate the effects of reconstruction work in the country and growth in the economy. He denied media speculation that some of the company’s plants would be sold, and said that LISCO is determined to expand production.
The company is currently running only one in three of its iron bar manufacturing plants because of power shortages and reduced natural gas supplies.
(Source: Libya Herald)