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News Islamic State made US$11.5m from cement sales in Syria in 2014

Islamic State made US$11.5m from cement sales in Syria in 2014

Written by Global Cement staff 11 July 2018
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Syria: Declassified notes from the French secret service reported upon by the Libération newspaper have revealed that the Islamic State of Iraq and Syria (ISIS) terrorist group made at least US$11.5m in 2014 from cement it plundered from Lafarge Syria’s Jalabiya cement plant.

In December 2014 the Directorate of Military Intelligence (DRM) reported that ISIS had taken control of an estimated US$25m worth of cement at the site. Subsequently in late December 2014 the DRM monitored a meeting between Turkish businessmen and IS representatives from the cement plant that took place at the Turkish-Syrian border. 65,000t of cement from the plant had already been sold for US$6.5m and another 50,000t was contracted to be sold for US$5m.

Last modified on 11 July 2018
Published in Global Cement News
Tagged under
  • Syria
  • Islamic State
  • France
  • Lafarge Syria
  • LafargeHolcim
  • Sales
  • GCW361
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