The European Sanctions Blog on 29th June reported that the French company had been placed under formal investigation by examining magistrates re payments allegedly made between 2011 and 2014 to sanctioned militant groups, including ISIS, to ensure that its Jalabiya cement plant in Syria continued to operate (the plant had been operated by Lafarge Cement Syria, a subsidiary of Lafarge SA). The ultimate parent company, Lafarge Holcim, describes itself as the leading global building materials and solutions company serving masons, builders, architects and engineers all over the world. Group operations produce cement, aggregates and ready-mix concrete and employs approximately 80,000 employees in around 80 countries.
https://europeansanctions.com/
The statement from the company is at –
https://www.lafargeholcim.com/lafarge-sa-investigation-france
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