LafargeHolcim

Two Lafarge bosses charged over jihadist funding

london - Muslimchronicle

Two senior executives at French-Swiss cement maker LafargeHolcim, including its former CEO, were charged on Friday over claims that top management turned a blind eye to payments to jihadists in Syria, a judicial source said. Lafarge is accused of paying the Islamic State group and other militants through a middleman between 2013 and 2014 so that the company's factory inRead more

LafargeHolcim CEO to step down over Syria probe

Paris - AFP

French-Swiss cement maker LafargeHolcim said Monday its chief executive Eric Olsen is stepping down following an internal investigation into the company's activities in Syria. His resignation, which has been accepted by the group's board, will be effective on July 15, LafargeHolcim said in a statement. Olsen's departure follows an inquiry into the indirect financing by Lafarge of armed groups inRead more

LafargeHolcim Maroc: Initial Synergies Boost Results

Casablanca - Arab Today

Following the merger-absorption of Holcim Maroc by Lafarge Ciments (completed in July 2016), LafargeHolcim Maroc has become an indisputable leader of the Moroccan cement sector with a total production capacity around 11.8 million tons. LafargeHolcim Maroc is owned at 64.7% by Lafarge Maroc, which is itself owned at 50% by LafargeHolcim LTD and at 50% by the Societe Nationale d’InvestissementRead more

French-Swiss firm Lafarge ready to sell cement for Trump's wall

New York - AFP

French-Swiss group LafargeHolcim is ready to sell its cement to build US President Donald Trump's controversial border wall, the company's CEO said in an interview. The wall Trump promised to erect along the US-Mexico border, valued at tens of billions of dollars, is at the center of a diplomatic crisis between Mexico City and Washington and is provoking criticism aroundRead more

LafargeHolcim: Unacceptable practices kept Syria plant open

Paris - Arab Today

Cement maker LafargeHolcim admitted on Thursday it had resorted to "unacceptable practices" to continue operations at one of its factories in Syria. The admission comes after sources close to the case told AFP in January that the French government had filed a legal complaint against Lafarge for buying oil in Syria to power the now-closed Jalabiya factory, in violation ofRead more

LafargeHolcim agrees to sell India operation

Paris - Arab Today

Swiss construction giant LafargeHolcim, the world’s largest cement maker, said it had agreed to sell its Indian operation to Indian cosmetics and detergents manufacturer Nirma for $1.4 billion. The operation, which remains subject to clearance by India’s Competition Commission, would allow LafargeHolcim “to continue to reduce group debt,” the firm said in a statement. “This agreement is an important stepRead more