Cement News tagged under: Cement Manufacturers Association of India
Competition Commission of India imposes US$944m fine for cartelisation01 September 2016, Published under Cement NewsThe Competition Commission of India (CCI) has levied a fine of INR63.2bn (US$944m) on 10 cement companies whom it accuses of conspiring to fix prices in contravention of competition law. In addition, the Cement Manufacturers Association has been ordered to pay a INR7.3m fine. Of the 10 companies, four – Jaiprakash Associates, UltraTech, Ambuja Cements and ACC – will bear the brunt of the penalties, accounting for 76 per cent of the total fine. The other firms fined today are Lafarge, Cent... |
CMA warns of rail freight hike26 June 2014, Published under Cement NewsThe Cement Manufacturers Association (CMA) of India has urged the Railway Board to withdraw the 6.5 per cent rail freight hike, claiming that the cement industry cannot absorb the additional burden of INR100/t (US$1.7) that the hike will bring. CMA representatives told the Railway Board that the 6.5 per cent hike, scheduled to come into effect on 25 June, would further discourage movement of cement and input materials by rail. “In the last two-and-a-half-years, the overall transportati... |
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