Production has resumed at Lafarge Shui On Cement Ltd plant in Sichuan province after a strike which lasted more than two weeks was aimed at the former proprieters, Sichuan Shuangma Investment, according to the firm’s chief executive officer.
’The strike started before we took over the plant, it was not against us,’ Lafarge Shui On Cement CEO Cyrille Ragoucy told XFN Asia. ’It happened when the local government was organizing a settlement plan changing Shuangma from an SOE to a private enterprise.’
He noted that work resumed on Monday at the plant in southwestern Sichuan province, located near the city of Jianyou.
’We have set up a working team with the local government to deal with this issue. Production has resumed and we have already informed the Shenzhen Stock Exchange,’ Ragoucy added.
He stressed that Lafarge is only taking over two plants located in Jiangyou and Yibin, and denied previous media reports of 2,000 strong strikes, protests and forced redundancies.
’It is always stressful for people to go from one company to another,’ the CEO commented. ’We are doing all we can to address some of the concerns of the people.’
Lafarge Shui On Cement Ltd received approval from the central government in May to acquire Sichuan Shuangma Investment Group.