Eric Olsen, CEO of LafargeHolcim, attends a panel session at the 47th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Thursday, Jan. 19, 2017. (Gian Ehrenzeller/Keystone via AP)
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Cement maker LafargeHolcim admitted Thursday it had resorted to "unacceptable practices" to continue operations at one of its now-closed factories in Syria.The factory closed down before French cement maker Lafarge merged with Switzerland's Holcim in 2015 .The plant, located in northern Syria some 150 kilometers (95 miles) northeast of Aleppo, was finally evacuated in 2014 .Lafarge bought the Jalabiya cement works in 2007 and the plant went into operation in 2011 .Separately, LafargeHolcim Thursday reported a net profit of 1.9 billion Swiss francs ($1.9 billion, 1.8 billion euros) for 2016, nearly double the 970 million francs it made the previous year.
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