Brazil’s CADE fines six cement companies US$1.4bn for price-fixing
Brazil’s antimonopoly authority CAD has fined six cement companies a total fine of BRL3.1bn (US$1.4bn) for fixing market prices.
Cartel
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Cade likely to impose fine on Brazil producers
Brazil's antitrust watchdog Cade is likely to impose fines totalling BRL3.1bn (US$1.3bn) on six cement producers for alleged market collusion.
Madras Cement quarterly net profit down 44%
Madras Cement’s net profit for the first quarter of 2013-14 dropped by 44 per cent compared to the corresponding quarter of last year.
Indian producers forced to make 10% provision of CCI fine
The 11 cement companies fined by the Competition Commission of India (CCI) last year will be forced pay 10 per cent of the total amount levied in the June quarter of this year. ...
UltraTech to take tribunal plea to Supreme Court on Monday
India’s Supreme Court will hear UltraTech Cement's plea challenging an order issued by the Competition Appellate’s Tribunal (COMPACT) on 17 May 2013 instructing the cement compa...
Indian producers directed to pay 10% of CCI penalty
India’s Competition Appellate Tribunal has said that cement companies must pay 10 per cent of the INR6307 crore penalty issued to them by the Competition Commission of India (CC...
Argentina’s Supreme Court rejects cartel arguments
The Argentine Supreme Court rejected Wednesday the arguments provided by the country’s five largest cement companies – Loma Negra, Minetti, Cemento San Martin, Petroquímica Riva...
South Korean cement producers to withdraw price hikes
Major cement producers in South Korea have withdrawn price rises announced earlier in 2013 and will maintain current prices for a year. Manufacturers such as Tongyang Cement, Ha...
South Korean cement producers face cartel probe
Seven cement producers in South Korea are being investigated by the country’s Fair Trade Commission for alleged price collusion.
German Federal Court confirms HeidelbergCement’s cartel fine
Germany’s Federal Court has confirmed the 2009 fine imposed on HeidelbergCement by the Higher Court of Düsseldorf at a reduced level of EUR161.4m, the German cement major said i...