Lafarge (60)


Lafarge, the French building materials global company, reportedly paid various armed groups in Syria, including the Islamic State, in order to protect its factory located in the north of the country as it hoped to remain operating and benefit from reconstruction.


Based on initial data, the sale of Portland cement in Syria is likely to rise this year, indicating an increase in demand in the real estate market.


A weekly selection of reports, papers and articles on Syria.


An investigation into cement manufacturing group Lafarge's Syria activities was opened by French prosecutors in October, AFP said.


A weekly selection of reports, papers and articles on Syria.

A French NGO has filed a lawsuit against French cement producer Lafarge and its Syrian subsidiary for its alleged past dealings with the Islamic State.


Lafarge, the French building materials global company, has been accused by a French newspaper of contributing to finance indirectly the Islamic State through its operations in Syria.


Al-Badia Cement, a large cement manufacturing plant located near Damascus, has announced that it is resuming gradually its operations, weeks after its main factory was attacked by the Islamic State.


In the first nine months of the year, the volume of cement produced by Syria’s state-owned plants declined by a fifth on an annual basis.


The production of Portland cement by Syria’s state-owned plants declined in the first half of this year, according to official data.


Cement production by plants owned by the state remained relatively stable last year.


A coalition of FSA and Kurdish forces have reportedly taken back control of the Lafarge cement plant located in northeastern Syria.


Some three months after it suspended production, Al-Badia Cement has announced that it has resumed operations.


Al-Badia Cement, the Syrian subsidiary of Italcementi, said that its factory had stopped production because of security concerns.


Syria’s state-owned cement plants have witnessed another decline in their production level in the first six months of this year.


UPDATED on September 23: Reports have emerged that ISIS has taken over a cement plant that represents the largest foreign investment in the country outside the oil sector.


The shares owned by Firas Tlas in the Syrian subsidiary of Lafarge Cement, the global cement manufacturer, have been seized by the Syrian Government.


In 2013, demand for cement in Syria declined by 60 percent compared to its level prior to the uprising.


Syria’s state-owned cement manufacturing plants witnessed an annual decline of 25 percent in their sales last year.


State-owned cement plants produced 3.2 million tons in the first nine months of this year, according to the General Organization for Cement and Building Materials.


Syria’s state cement plants sold a total of 2.4 million tons in the first half of this year.


Syria has increased by 10 to 15 percent the price of cement sold by state-owned plants on the back of an increase in production costs.


Adra Cement, a state-owned cement manufacturing company, said that it had begun output from its third production line.


The head of Syria’s cement manufacturing body said total output by Government-owned plants fell 10 percent last year, attributing the decline to competition from the private sector.


Syria’s state-owned cement plants produced a total of 3.87 million tons in the first nine months of this year, according to the entity in charge of the sector.


The recent price increase in fuel oil is creating significant difficulties for the country’s state-owned cement plants for which the item represents a major cost component.


Bilateral trade between France and Syria rose to EUR 737 million or around USD 1 billion last year according to French statistics.The figure represents a 13 percent increase compared to 2009 (EUR 651 million).


The French Development Agency has announced that it would grant a concessionary loan of EUR 30 million to finance a project to improve the water infrastructure in the suburbs of Damascus.


The Ministry of Industry has issued a tender inviting private investment in Rastan Cement, a state-owned cement manufacturing company.


Al-Badia Cement (ABC) has announced that it would start production from its plant in Abou Shamat next month.


Lafarge Cement Syria (LCS) commissioned its cement plant in Aleppo on October 14.


The French Development Agency has announced that it was providing an amount of EUR 20.4 million to finance Syria’s urban development projects.


Altoun Group has withdrawn from the contract it had won earlier this year to invest in, and develop, a state-owned cement plant.

The balance sheet of Bank Audi Syria has risen significantly last year and lifted the Lebanese-affiliated institution to second largest private commercial bank in Syria. The Syria Report talks to Bassel Hamwi, General Manager, on the performance and pl...
AES Arabia Ltd has won a USD 2.7 million contract to build two water treatment units for Lafarge Cement Syria.
EFG-Hermes has announced plans to set up a private equity fund and a financial intermediary firm in Syria.

The Syrian Government has started shutting down the Sheikh Said Cement Plant located near Aleppo.


Lafarge Cement Syria, the Syrian affiliate of the French building materials company, Lafarge SA, plans to begin production at its cement plant in Aleppo in the middle of next year. The Syria Report talks to Bruno Pescheux, CEO, on the strategy and targets of his company.


The Syrian Cabinet has granted the two state companies active in the cement sector more freedom in their trading activity.

Palmyra Real Estate Development Company has launched a new real estate development west of Aleppo, Tilal Al-Shams.

Bank Audi Sal has confirmed that it led a syndicate of 16 regional banks to provide a 7-year USD 340 million loan to the Syrian affiliate of Lafarge S.A., a French building materials company.


Lafarge Cement Syria has closed the financing for the construction of its cement plant located north of Aleppo.