# Holcim supports resolution with U.S. regarding legacy operations in Syria
Published: 2022-10-19
Category: News
Category URL: https://internationalreleases.com/category/news/
Meta Title: Holcim supports Lafarge SA deal with DoJ on Islamic State funding
Meta Description: Learn how Holcim backs Lafarge's $778 million settlement to keep cement plant in Syria running, amidst DoJ inquiry. Holcim clarifies no involvement.
URL: https://internationalreleases.com/holcim-supports-resolution-with-u-s-regarding-legacy-operations-in-syria/

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ZURICH (Reuters) – Holcim said it supported the agreement made by Lafarge SA with the United States Department of Justice on Tuesday regarding the company’s funding of Islamic State to allow it to keep a cement plant running in Syria.

A financial penalty of $778 million and a plea agreement has been arranged to resolve the DoJ inquiry into Lafarge, which is now part of Holcim following the companies’ 2015 merger.

“None of the conduct involved Holcim, which has never operated in Syria, or any Lafarge operations or employees in the United States, and it is in stark contrast with everything that Holcim stands for,” Holcim said in a statement.

(Reporting by John Revill, editing by Kirsti Knolle)


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