Cement News tagged under: Syria

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French court postpones Lafarge Syria ruling

25 October 2019, Published under Cement News

A French court has postponed its decision on whether to uphold preliminary charges against Lafarge after the cement company had allegedly made payments to Syrian armed organisations, including Islamic State, in 2013-14 to keep its plant in operation. The postponement of the case will be until 7 November 2019. Lafarge appealed the charges, which also include financing a terrorist enterprise, violation of an embargo and endangering others, reports the Daily Mail.

Jalabiyeh plant in Syria set on fire

18 October 2019, Published under Cement News

The international coalition has set fire to LafargeHolcim’s Jalabiyeh plant, just north of Aleppo near the Turkish border, Syria, to prevent the Syrian Arab army taking possession of the plant, according to Réseau Voltaire. "On Oct. 16, after all Coalition personnel and essential tactical equipment departed, two Coalition F-15Es successfully conducted a pre-planned precision airstrike at the Lafarge Cement Factory to destroy an ammunition cache, and reduce the facility's military usefulnes...

Al-Maslamia cement plant expected to be privatised

15 October 2019, Published under Cement News

The Al-Maslamia cement plant in northern Aleppo, Syria, has been the subject of negotiations between Katerji International Group and Syria's General Organisation for Cement and Building Materials. The 3Mta cement plant could be the first state plant to be privatised in a SYP200bn (US$3.9m) investment by the Katerji family. The Katerji International Group is owned by the brothers Husam, Mohammed and Baraa Katerji. The family intend to reconstruct property in and around Aleppo. Over the p...

Shares of Turkish cement firms plummet

10 October 2019, Published under Cement News

Turkish Cement firms have seen a sudden drop in share prices after Turkey's military begin operations in Syria and the EU shows no interest in financing the resettlement housebuilding for 2m Syrian refugees. Last month Turkish President, Recep Tayyip Erdogan, announced his plan to create the zone along the Syrian-Turkish border where the Ankara government envisages the creation of 140 villages and 10 towns to accommodate up to 1m people. Earlier in the week, Turkish cement companies saw th...

Russia looks at Al Arabiya upgrade

08 April 2019, Published under Cement News

Representatives of several Russian companies have held negotiations to restore and upgrade the Al Arabiya cement plant in Syria as well as build a cement works in Muslimiya in Aleppa governorate. “Representatives of several large Russian companies have had a working visit to Syria, during which they held meetings with representatives of the Industry Ministry of the Syrian Arab Republic directly at two cement plants in Aleppo and at two metals plants in Hama,” according to a source of Prime...

French judges drop case against former LafargeHolcim CEO

06 March 2019, Published under Cement News

Eric Olsen, former LafargeHolcim CEO, is no longer being investigated by French judges as part of a wider investigation into whether the company helped finance terrorism in Syria. "I am very pleased that the justice system has decided to drop the investigation into me for financing terror. This decision restores my honour and will allow me to pick up the thread of my career, after I fought for long months to establish the truth," said Mr Olsen. French authorities have been investigating wh...

HeidelbergCement

04 February 2019, Published under Cement News

HeidelbergCement has sold, or agreed the sale of, a number of assets. These include a 50 per cent interest in Ciment Quėbec, land in the Cairo area that used to have a cement works and a minority stake in Syria.  The agreed sale of the activities in the Ukraine include one integrated cement works, one grinding plant, two quarries and two ready-mixed concrete batching plants. In total, these disposals add up to in excess of EUR150m.        

Lafarge under investigation over ISIS funding

29 June 2018, Published under Cement News

Lafarge SA was charged on Thursday with crimes against humanity for funding Islamic State in Syria. The company was informed by magistrates that it had been placed under formal investigation for financing a terrorist enterprise, aiding and abetting crimes against humanity, and endangering life. Previously, three Lafarge officials were handed charges for their alleged roles in indirectly funding Islamic extremist groups, enabling the cement producer to operate in war-torn Syria. Lafarge ha...

Former LafargeHolcim CEO placed under formal investigation

08 December 2017, Published under Cement News

The former chief executive of Franco-Swiss cement group LafargeHolcim Ltd, Eric Olsen, was placed under formal investigation on Thursday as part of an inquiry into the group's activities in Syria, a source with the prosecutor's office told Reuters. Olsen resigned as LafargeHolcim's CEO in April 2017, after the company admitted it had paid armed groups to keep a cement plant operating in Syria. Three other individuals were put under formal investigation last week and two others – one of whi...

France to investigate LafargeHolcim Syrian activities

14 June 2017, Published under Cement News

France has launched a judicial inquiry into the Syrian activities of cement and construction group LafargeHolcim, a judicial source told Reuters on Tuesday, investigating "the financing of terrorist enterprise" and endangering lives. The appointment of three investigating magistrates, two financial specialists and one specialised in anti-terrorism, follows the opening of a preliminary inquiry last October, the news agency reported. The development does not necessarily mean any person or...