Holcim, CRH Cleared Of Cartel charges in Swiss tunnel case

Holcim, CRH Cleared Of Cartel charges in Swiss tunnel case
Published: 09 July 2007

The Swiss cartel watchdog has cleared Holcim and CRH PLC of price-fixing charges tied to cement and contrete deliveries for a Swiss Alpine tunnel.  
 
Switzerland’s Competition Commission said Friday it found no evidence of price agreements between  Holcim’s Swiss unit and two other cement producers, CRH subsidiary Jura-Cement-Fabriken and  Vigier Holding AG. The investigation was launched in 2004 following a Swiss media report the deliveries for a construction of a major Swiss railway tunnel were overpriced.  
 
The 57-kilometer tunnel is due to be finished in the next decade.