Cement News tagged under: anti competition
Philippines: competition commission probes cement industry28 September 2016, Published under Cement NewsThe Philippine Competition Commission (PCC) has warned cement companies of the repercussions should it violate antitrust laws. PCC Commissioner, El Cid Butuyan, said, "We intend to exercise our enforcement powers in a way that is envisioned under the law, which is a muscular agency, not a paper-pushing, rubber-stamping agency." The agency has decided to investigate the country’s cement industry after a private citizen filed a case. Mr Butuyan said the person in question was a former publi... |
Competition Appellate Tribunal sets aside penalty on 11 cement companies14 December 2015, Published under Cement NewsThe Competition Appellate Tribunal of India has set aside a US$945m penalty imposed on 11 cement firms by the Competition Commission of India (CCI) on accusations of cartel behaviour and asked the fair trade regulator to hear the matter afresh. The Tribunal also allowed the cement manufacturers to withdraw the 10 per cent penalty amount already deposited with the CCI, according to local press reports. The judgement follows appeals filed by the cement firms and their industry body, th... |
Companies contest EU ruling04 July 2014, Published under Cement NewsCement companies have appealed to the European Court of Justice seven rulings the EU General Court upholding the European Commission's broad requests for information (RFI) in an antitrust investigation. Following the opening of its investigation, the Commission requested detailed and voluminous information from the investigated cement manufacturers. The companies challenged the requests before the General Court, alleging that the Commission failed adequately to explain the presumed infring... |
Lafarge denies claims of market dominance, Kenya20 May 2014, Published under Cement NewsLafarge has denied claims by Kenya’s antitrust authority that the cement producer may be flouting domestic competition rules and said it wants to work with the government to boost returns in the nation’s cement industry, reports Bloomberg. The Competition Authority of Kenya is probing the company’s influence on prices through its 59 per cent stake in Bamburi Cement Co and 42 per cent interest in East Africa Portland Cement Co (EAPCC), the nation’s largest and third-biggest cement producers... |
Holcim and Febelcem contest competition ruling02 October 2013, Published under Cement NewsHolcim and Belgian cement association Febelcem are appealing against the judgement by the country’s Anti-Competition Council. Last August, Belgium’s anti-competition authorities fined three companies – CBR, CCB and Holcim – and two associations (Febelcem and CRIC/OCCN) for a total of EUR14.7m. According to the council, the five organisations had colluded between May 2000 and October 2003 to avoid the use of slag in the production of ready-mix concrete. Febelcem director André Jasienski... |
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