Cement News tagged under: Competition

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Jordan increases cement prices

25 July 2018, Published under Cement News

Jordan’s five factories increased the price of cement to JOD74/t (US$104) from JOD38 on Sunday, according to The Jordan Times. The price hike is intended to end the accumulative losses of the companies over the past few years resulting from a recession after the closure of the borders, says Yousef Shamali, secretary general, Ministry of Trade, Industry and Supply. Cement exports had stopped following the closure, except for small amounts to the West Bank, and consequently the price fell fr...

Decision to fine six Polish cement companies upheld

13 April 2018, Published under Cement News

After nine years, the decision of the Polish Office for Competition and Consumer Protection (UOKiK) to fine six manufacturers for alleged collusion has been supported by a court of appeal. The total fine, PLN411m (US$121.33m), has been reduced to PLN280m following the appeal, according to PNB. Amongst the fined companies are Grupo Ozarow (PLN92.5m), Cemex Polska (PLN69.4m), Gorazdze Cement (PLN51.3m), Dyckerhoff Polska (PLN31.4m), Cementownia Warta (PLN23.2m) and Cementownia Odra (PLN12m)....

CRH Ciment SA and Comnord SA accepts Romania’s Competition Council fine for unauthorised merger

16 January 2018, Published under Cement News

CRH Ciment and Comnord SA have been retrospectively fined RON3,056,314 (US$802,409) by Romania’s Competition Council for the implementation of a merger carried out before receiving the council's authorisation. In its analysis of a recent transaction, through which CRH Ciment SA became the sole shareholder of CRH Comnord SA, the Competition Council found that a previous operation had not been notified and authorised according to current rules, which prohibits mergers without notification a...

Contractor wins LKR1m worth of Insee Sanstha cement

10 January 2018, Published under Cement News

The grand prize of the ‘Athek Barata Cementhi’ campaign by Insee Cement has been won by a contractor based in Meerigama, Sri Lanka. Chandika Rajapakshahas has received the prize of LKR1m (US$6,501) worth of Insee Sanstha cement in a competition designed to reward loyal customers, reports the Daily Mirror. Alongside this, 45 other winners received LKR50,000 worth of Insee Sanstha cement in a daily draw. "INSEE Sanstha is blended cement with a long-standing legacy. One in every three houses ...

Insee Cement launches competition

23 November 2017, Published under Cement News

Insee Cement has launched a competition for customers who buy Sanstha Cement. The ‘Jumbo’s weight of cement’ competition offers the chance to win LKR50,000 (US$325) worth of Sanstha Cement in a daily draw. The grand prize is an ‘elephant’s weight of cement’, worth LKR1m according to the Daily Mirror. The daily draw will be open for 45 days. "People from lower and middle income families of the individual house builders segment of the consumer segment often find it financially difficult to e...

Bundeskartellamt: low number of suppliers in Germany’s cement sector

25 July 2017, Published under Cement News

The German competition authority, Bundeskartellamt, has complained about the low number of suppliers in the German cement industry. “Therefore, we will continue to deal intensively with this industry and, for example, examine suspicious corporate interdependencies and, if necessary, dissolve them,” said Andreas Mundt, chairman of the Board. According to the agency, the industry is spending more than EUR5bn annually. Since the launch of the sectoral investigation at the end of 2013, 2...

Challenging outlook for Lafarge Malaysia

23 May 2017, Published under Cement News

In the first three months of this year Lafarge Malaysia reported a net loss of MYR48.9m (US$11.4m) compared to a net profit of MYR20.6m for the same period a year ago due to lower operating profit and worsening pricing pressure. The group’s revenue decreased by 16.1 per cent to RM561.9m YoY. “This decrease was mainly attributable to the lower sales contribution from the cement segment due to the soft market demand, coupled with the increased industry capacity and the continued pricing pr...

Nepal: new government certification for cement

18 November 2016, Published under Cement News

The Nepali government will start the certification of domestic cement brands according to quality in three months’ time, enabling them to compete in the market with foreign cement brands. Certification will be carried out with cement falling under one of three categories: 33, 43 and 53. At present the government does not have any legal provision to certify cement that is graded higher than 33 and therefore, all cement brands in Nepal are certified as 33-grade although producers have b...

Competition Commission of India imposes US$944m fine for cartelisation

01 September 2016, Published under Cement News

The 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...

Belgium: appeal court overturns competition watchdog fines

06 July 2016, Published under Cement News

Holcim, 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.