ASEC holding for Cement has been granted preliminary approval to establish grey cement planet in Libya with investments approaching US$540m and an expected annual capacity of 3Mt.  
 
CEO of ASEC said that construction works will start next June and production is expected to start by mid 2011. He added that the company is intending to increase its investments in the Middle East and North Africa to hit US$2.951bn by 2011.  
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