Cemex Mary Nour fine upheld by antitrust authority

Cemex Mary Nour fine upheld by antitrust authority
Published: 15 June 2012

Tagged Under: Cemex Mexico 

Cemex has said Mexico’s antitrust agency upheld a fine of MXP10.2m (US$729,000) against the company for blocking a 2004 cement shipment from Russia, according to Bloomberg reports. 

Cemex sees the fine as unfounded and will seek an injunction against it, said Jorge Perez, a company spokesman. The Monterrey, Mexico-based company appealed the fine, which the nation’s Federal Competition Commission imposed in February.

The blocked delivery occurred when a group of competitors tried to import 26,000t of cement on the ship Mary Nour. The vessel was held in port for months and later turned away.