Sunday, 23 April 2017

“LafargeHolcim CEO set to step down over Syria controversy”

LafargeHolcim’s chief executive is set to step down on Monday following an internal investigation into a plant the Swiss-French cement company operated in Syria until September 2014.
His expected exit, which was first reported by France’s Le Figaro, would be another blow for the cement company. Last year its chairman stepped down and the group is under pressure to deliver an ambitious integration programme in weak global markets following the 2015 merger.
Human rights groups in France have filed a lawsuit and have alleged that the company had “business relations” with militant group Isis and may have taken part in financing the group.
LafargeHolcim is the parent company of Aggregate Industries; its dealings in Syria have already been covered on this blog: Welcome to LafargeHolcim, This is the company that is looking to profit from Straitgate Farm and LafargeHolcim ‘in the cross-hairs of French presidential candidates’.