A survey conducted by the Mexican branch of Citigroup has determined that the prices charged by  Cemex were the highest in the country during the first four months of 2009, paper El Semanario reported.

Cemex and fellow manufacturers Cementos Moctezuma, Cruz Azul and Holcim Apasco - a subsidiary of Swiss company Holcim - are being investigated by Mexico’s anti-trust commission (CFC) over alleged monopolistic practices.

Citigroup determined that Cemex’s average price of 2,152 pesos (US$151) per ton in the period was roughly 1.7% higher than Holcim Apasco (2,117 pesos) and 4% more than Cruz Azul (2,065 pesos).

The three companies control 87% of the local cement market, whose annual revenues are estimated at US$5bn, the information said, citing specialized industry reports.

Business News Americas (BNamericas.com)
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