Cement News tagged under: fine
Manufacturers fined for selling underweight cement bags20 April 2018, Published under Cement NewsTwo manufacturers have been fined INR24,000 (US$363.30) for selling underweight cement bags in Pulwama, south Kashmir, according to the United News of India. The bags were found when the Field Executive of the Legal Metrology Department (LMD) and the Assistant Controller of Pulwama carried out an inspection on two vehicles leaving the district. "During a surprise inspection, two lorries carrying cement supplies to other districts were intercepted. The weight of the bags was conducted on t... |
Cementos Moctezuma fined MXN3.346m by environmental regulator14 February 2018, Published under Cement NewsMexico’s environmental regulator PROFEPA has fined Cementos Moctezuma’s Tepetzingo plant MXN3.346m (US$179,795) over a breach in environmental regulations. In addition, the cement producer is required to shut down its second production line as a temporary measure. According to the Attorney General's Office, the company did not have a valid authorisation for the installed capacity, which resulted in unfair competition."The production capacity that was authorised at the time, when its autho... |
Cemex Colombia to pay SIC fine, object via litigation08 January 2018, Published under Cement NewsCemex Colombia announced that it proceeds to pay the value of the fine imposed by the country's Superintendency of Industry and Commerce (SIC) in September 2013, amounting to the sum of US$25.3m. The investigation is in line with Resolution 81391 of 11 December 2017 which saw the SIC fine Cemex Colombia, along with Cementos Argos and Holcim Colombia) and to six individuals for price fixing of grey cement in the national market. The company decided not to file an appeal for reversal ag... |
Uganda: Tororo Cement trucks damaging Karamoja roads02 February 2017, Published under Cement NewsTororo Cement, Uganda’s largest producer, has been warned by the national roads authority that they may be banned from transporting limestone by road due to the damage caused by their trucks. According to reports in the Daily Monitor, the company’s use of heavy-duty trucks to ship limestone from the Karamoja sub-region to the Tororo plant some 160-200km to the south is causing serious damage to local infrastructure. “A truck carries very many tonnes of the mineral along the road daily.... |
India: Seven cement firms fined for bid-rigging20 January 2017, Published under Cement NewsThe Competition Commission of India (CCI) has imposed fines totalling more than INR2bn (US$30m) on seven cement firms it found guilty of colluding in their responses to a 2012 tender from Haryana state, Indian media reports. The companies have each been fined 0.3 per cent of their average annual turnover for the past three years. Ultratech faces the largest penalty, at INR683m – around a third of the total. The other firms fined were Jaiprakash Associates, ACC, Ambuja Cements, Shree Cemen... |
UltraTech Cement27 September 2016, Published under Cement NewsUltraTech is one of 10 companies being fined by the Competition Commission of India (CCI) for allegedly conspiring to fix cement prices, contravening competition law. The total fine amounts to US$944m, 76 per cent of which is being borne by UltraTech, Jaiprakash Associates, Ambuja Cements and ACC. Other firms being penalised include Lafarge Century, Ramco, India Cements, Binani and JK Cements. The Cement Manufacturers Association (CMA) is also been ordered to pay US$110,000. The fine foll... |
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... |
United States: Cemex fined US$1.69m over air pollution01 August 2016, Published under Cement NewsCemex has reached a deal with US Environmental Protection Agency (EPA) whereby the company will pay a US$1.69m fine and install pollution-control equipment in five of its American plants, the Knoxville News Sentinel reports. The company will also be required to carry out energy audits at its plants and spend a further US$150,000 on energy efficiency projects. Last week saw the EPA file a federal complaint concerning air pollution arising from Cemex’s operations in Knoxville, Louisvil... |
Belgium: appeal court overturns competition watchdog fines06 July 2016, Published under Cement NewsHolcim, CBR, CCB and Febelcem, the Belgian cement association, have seen the competition watchdog’s judgment to pay a EUR14.7m fine overturned by the Belgian Court of Appeal. The competition authority fined the cement majors and the association for the alleged formation of a cartel to reduce competition in the domestic market, but the Court of Appeal found that such illegal practices did not occur. |
Holcim: June '1206 July 2012, Published under Cement NewsHolcim's two main Indian subsidiaries, Ambuja Cements and ACC Limited, have been fined at total of approximately EUR325m, or INR2301 crores, by the Honourable Competition Commission of India. This represents some 36 per cent of the total INR6304 crores (EUR891m) levied on eleven leading Indian cement producers. The fines have been based on the profits generated in 2009/10 and in 2010/11 and the biggest fines were imposed Holcim and UltraTech, while Lafarge and a further six domestically con... |
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