Cement News tagged under: Syria

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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...

LafargeHolcim admits making ‘unacceptable’ payments to Syrian armed groups

03 March 2017, Published under Cement News

LafargeHolcim has released details of an internal investigation into the conduct of its employees running the Jalabiya cement works up to 2014. The investigation was launched in response to allegations in Le Monde, which stated that the firm had entered into deals with armed groups including Islamic State in order to protect its staff and business interests. The results of the internal inquiry conclude that "the local company provided funds to third parties to work out arrangements wit...

Lafarge Algeria to export clinker from 2018

23 February 2017, Published under Cement News

Lafarge Algeria is preparing to export grey clinker from its local plants from 2018. The group already exports white cement from its Oggaz plants in the Mascara wilaya. "It is part of government policy to promote exports. There will be cement overcapacity in late 2017 compared to all the projects that are launched. We are preparing with other (cement manufacturers) to be able to export clinker from 2018, "says Serge Dubois, PR director at Lafarge Algeria. However, he emphasised that “c...

Aleppo cement plant back under Syrian army control

17 August 2016, Published under Cement News

The Syrian army succeeded in reclaiming a cement factory in the southern countryside of Aleppo city on Tuesday, and is now purging the terrorists from the surrounding areas of the factory, reports Fars news agency. The Syrian army is boosting the cement factory's security in a bid to block any attempt by the terrorists to launch fresh attacks from al-Sheikh Saeed region, according to the report. The Jeish al-Fatah terrorists acknowledged that they had lost a major portion of the cement...

Syria: Lafarge protected interests from ISIS

22 June 2016, Published under Cement News

According to French newspaper Le Monde, Lafarge entered into deals with armed groups in Syria, including the Islamic State, to protect its staff and business interests in the country. Lafarge is yet to respond to queries from Agence France-Presse (AFP), saying only that "Lafarge's absolute priority has always been ensuring the safety and security of its staff." The Jalabiya cement works, situated 150km northeast of Aleppo, purchased by Lafarge in 2007 is at the centre of the ‘deals’ alleg...

Syria: IS kidnaps 300 Al Badia cement workers

08 April 2016, Published under Cement News

Some 300 employees and contractors of the Al-Badia Cement plant have been abducted by Islamic State (IS) militants in Dumeir, some 30km northeast of the Syrian capital, Damascus. The hostages were taken to a spot where IS had launched an assault against forces loyal to President Bashar al-Assad earlier in the week. There have been no successful efforts in establishing contact with any of the workers, according to state-run news agency Sana. No further details of the abduction are known ...

Lafarge's final full year turnover and EBITDA in decline

18 February 2015, Published under Cement News

Lafarge's turnover eased by 1.9 per cent to EUR12,843m in 2014 and the EBITDA came off 2.6 per cent to EUR2721m, having fallen by 9.4 per cent in 2013. Including share of associates, turnover eased by 0.2 per cent to EUR15,167m and the EBITDA by 0.4 per cent to EUR3091m. The trading profit was off by 2.9 per cent to EUR1,881m, but was 0.4 per cent ahead at EUR2084m including associates and carbon credits received recovered from EUR14m to EUR37m.  Net financial charges declined by a furthe...

Lafarge

03 October 2014, Published under Cement News

Lafarge has agreed the sale of its wholly-owned Russian subsidiary Uralcement to Buzzi Unicem for EUR104m and the proceeds will be used to reduce Lafarge's net debt. In May, Lafarge commissioned its Ferzikovo works in Russia, which is better placed for serving the more vibrant Moscow market. Lafarge is selling its 47 per cent stake in its Mexican associate Cementos Fortaleza to the majority shareholder Elementia less than two years after the jointly-owned company was formed. The industria...

Lafarge evacutes Syrian factory amid security concerns

26 September 2014, Published under Cement News

Lafarge said Thursday it has evacuated its Syrian factory and halted all operations there indefinitely there amid security concerns. Lafarge operates a 3Mta factory in Ein Al-Arab, about 160km northeast of Aleppo, near the Turkish border, an area where the US has carried out air strikes against Islamic State militants. The plant was evacuated on 18 September 2014 and all operations have been halted until workers' security can be guaranteed, a spokeswoman said. Islamic State took ...