Russia’ Federal Antimonopoly Service (FAS) has reportedly initiated a case against Eurocement Group, FAS’ress service said Monday.
The probe was prompted by requests from various construction companies. According to its clients, Eurocement Group has recently announced that it was raising prices for cement by 20% but actually increased them by 50-70%.
Currently, Eurocement Group controls nine cement plants across Russia, mostly in the more populated European part of it. No information was available on Eurocement’s cement market share in Russia.