Lyamec Completes Formation of Global Oil Tools Libya and Moves to Pre-Construction Stage

| From

TRIPOLI, Libya (SEND2PRESS NEWSWIRE) -- Lyamec Corporation ( announces that on December 6th, 2005 the General People's Committee (GPC) issued a formal notice to Misurata's free trade zone and to the local authoritative agencies on the establishment of Global Oil Tools Libya, a 24,000 Sq. Ft. state-of-the-art manufacturing and distribution facility.

Global Oil Tools Libya is currently ahead of its outlined schedule into creating a fully integrated, ISO certified, manufacturing and distribution facility with advanced B2B technology application(s), for the market region.

In a statement issued by CEO R.G. Raymond, "We would like to give our sincere thanks and gratitude to the GPC for the recognition of the benefits this project offers to the local community and to Libya's recent social and economic reforms under taken by the General People's Committee."

Current and future clients will benefit from a fully integrated "wrap around" facility with multi dimensional quality and performance controls in submission, processing, manufacturing and distribution with delivery and oversight tracking on itemized product performance. The facility has been strategically settled for construction with in close proximity (approx. 5 mile radius) to the Libyan Iron & Steel manufacturing facility located in Misurata.

Concurrently, The Libyan American Corporation (Lyamec) has also agreed to further expand the joint venture applications in Libya by buying into Grifco's (OTC: GFCI) new spin off of its Coil Tubing Technology (CTT) (OTC: IPHG). Several U.S. resource planning firms are currently working with Lyamec on building a ground breaking regional model application system including system applications on technical enhancements, branding & distribution, to quality control data applications.

News Source:
Like, Share, Save this press release:
  TWEET   SHARE   G+   STUMBLE   LinkedIn   Instapaper   Buffer

The content of the above press release was provided by the “news source” (Lyamec Corporation) or authorized agency, who is solely responsible for its accuracy. Send2Press® is the originating wire service for this story and content is Copr. © 2005 Lyamec Corporation with newswire version Copr. © 2005 Send2Press (a service of Neotrope). All trademarks acknowledged.

Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
STORY READS for this single page only, as of Oct 27 2016:
[ count retired 8.4.16 ]

or: Search

back to top
REFERENCES: , , Lyamec Corporation, Global Oil Tools, Libya, Coil Tubing Technology, OTC: IPHG, The Libyan American Corporation, OTC: GFCI, R.G. Raymond, ISO certified,, pink sheets, small cap,, energy, oil, gas, tool, Misurata, free trade zone, General People's Committee, GPC, group, associates, news, press release from Lyamec Corporation, Dec 13, 2005, Energy, Oil, Gas and Solar, , , , , Lyamec Completes Formation of Global Oil Tools Libya and Moves to Pre-Construction Stage