Cement News tagged under: Syria
Syria: IS kidnaps 300 Al Badia cement workers08 April 2016, Published under Cement NewsSome 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 decline18 February 2015, Published under Cement NewsLafarge'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... |
Lafarge03 October 2014, Published under Cement NewsLafarge 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 concerns26 September 2014, Published under Cement NewsLafarge 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 ... |
Lafarge Jordan Cement 2011 losses10 April 2012, Published under Cement NewsLafarge Jordan Cement reported JOD20m worth of losses in 2011 and revenues dropped 21 per cent YoY to JOD134m, according to reports in The National. The company, which once had a monopoly in the country, has been struggling from increased competition ever since a fourth cement factory opened in March last year, while rising costs have impacted revenues. Lafarge Jordan Cement has two plants, in Al Fuheis and Al Rashadiyah, with a combined production capacity of 4.8Mta. Production i... |