Cemex Mary Nour fine upheld by antitrust authority

Cemex Mary Nour fine upheld by antitrust authority
15 June 2012


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.

Published under Cement News

Tagged Under: Cemex Mexico