Antitrust body fines cement and ready-mixed concrete companies, Turkey

Antitrust body fines cement and ready-mixed concrete companies, Turkey
Published: 10 December 2004

The antitrust body fined certain companies operating in cement and ready-mixed concrete sectors, as a result of the investigation opened on the grounds that the companies acted jointly in determining prices. The body fined Bati Group companies (Bati Anadolu Cimento Sanayi, Batisoke Soke Cimento, and Bati Beton Isletmesi) TRL 7.2tn. The fine for Akcansa Cimento Sanayi was set at TRL 5.8tn. Cimentas Group (Cimentas Izmir Cimento Fabrikalari, and Cim Hazir Beton ve Prefabrik Yapi Elemlari) was fined TRL 3.3tn. The fines for Denizli Cimento, and Aydin Modern Beton are TRL 2.7tn and TRL 144bn, respectively. Lafarge Beton was also fined TRL 495bn by the antitrust body.