Holcim, CRH Cleared Of Cartel charges in Swiss tunnel case
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.
Published under Cement News
