The Competition Commission of India (CCI) published an order on 21 June 2012 that includes fines against several Indian cement companies, including ACC and Ambuja Cements (ACL) who have been fined approximately 194 million CHF and 196 million CHF, respectively.
The order relates to competition law proceedings, started in 2010, which aimed to investigate the conduct of several leading cement producers in India.
Although ACC and ACL have delivered all of the information and clarification requested by the authorities, both companies contest the allegations and findings against them and intend to pursue legal steps to protect their positions.
Holcim’s Code of Conduct
In 2003, the Board of Directors and Executive Committee of Holcim Ltd decreed a Code of Conduct for all its Group companies that provides for respect for rules of fair competition prohibiting anti-competitive behaviour and the abuse of a dominant market position. In order to implement these principles, Holcim has dedicated a centrally coordinated training programme and Group companies are also regularly reviewed in this respect by independent attorneys.
Holcim’s code of conduct can be found on its website.
Adapted from press release by Callum O’Reilly
Read the article online at: https://www.worldcement.com/asia-pacific-rim/28062012/competition_commission_of_india_order/