Cement News tagged under: competition
Contractor wins LKR1m worth of Insee Sanstha cement10 January 2018, Published under Cement NewsThe 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 competition23 November 2017, Published under Cement NewsInsee 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 sector25 July 2017, Published under Cement NewsThe 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 Malaysia23 May 2017, Published under Cement NewsIn 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 cement18 November 2016, Published under Cement NewsThe 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 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... |
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. |
Australia: competition body seeks higher Cement Australia fine07 June 2016, Published under Cement NewsThe Australian Competition and Consumer Commission (ACCC) has appealed against a court ruling imposing fines of AUD18.6m (US$14m) on Cement Australia, one fifth of the level the ACCC had asked for. In September 2013 Cement Australia was found guilty of conspiring to prevent competition in the concrete market when it entered into contracts with power stations in southeast Queensland to acquire fly ash. On 29 April 2016, Australia’s Federal Court levied a fine of AUD18.6m on the company ... |
European Commission gives green light to HeidelbergCement's Italcementi acquisition27 May 2016, Published under Cement NewsHeidelbergCement has received clearance from the European Commission for the acquisition of Italcementi. The European authority accepts the proposed divestment of operations in Belgium, i.e. Italcementi’s local subsidiary Compagnie des Cements Belges SA (CCB), to avoid anti-competition issues in Europe. “We are very pleased with the positive decision of the European Commission”, says Dr Bernd Scheifele, chairman of the Managing Board of HeidelbergCement. “This decision is an important mil... |
PT Semen Indonesia29 April 2016, Published under Cement NewsSemen Indonesia is one of three players in the Indonesian market suffering from falling cement prices in the wake of an influx of new players. According to a report by Trimegah Securities, the last couple of years have seen a number of new entrants to the market who are offering cement at prices up to 10 per cent below those of the country’s established manufacturers. The new players include Anhui Conch (1.55Mta), Pan Asia (2Mta), Siam Cement Group (1.9Mta), Cemindo Gemilang (4Mta) and Jui S... |