Two cement plants in Kazakh east fined for antimonopoly breaches

Two cement plants in Kazakh east fined for antimonopoly breaches
Published: 08 October 2007

Two cement plants in East Kazakhstan Region - Heidelberg Vostok Cement and the Semey Cement Plant limited liability partnership - have been fined for violating the anti-monopoly legislation.  
 
"On the results of an audit it was established that the Heidelberg Vostok Cement and Semey Cement plants were limiting the access of direct consumers to their products during 2005-06 as well as using various contractual relations with consumers and maintaining prearranged prices, which are violation of the Kazakh anti-monopoly legislation," said Aliakpar Matishev, chairman of the committee for protecting competition under the Kazakh Ministry of Industry and Trade, at a news conference in Astana today.  
 
He noted that the committee issued a warrant to fine the Heidelberg Vostok Cement plant over 107m tenge and the Semey Cement Plant limited liability partnership 120m tenge (current rate: a dollar is 120.98 tenge) 
 
"The companies have fully admitted their guilt and already paid the fines," Matishev said.