This factory is located 350 km east of Benghazi, near Derna. LCC also has a factory that produces the cement packaging, which was established in 1975; as it stands today, the factory produces 200,000 bags per day. In April 2015, Libya Holdings Group announced that it had acquired a majority stake in Libya Cement Company from Austria's QuadraCir Group as part of a long-term strategic plan aimed at rebuilding Libya's infrastructure [1]