Skip to main content

Buzzi Unicem fined by competition authority

Published by
World Cement,


Buzzi Unicem has been fined almost €59.8 million by the Italian Antitrust Authority over allegations of price fixing in the Italian cement market.

The fine covers the period 1 June 2011 and 1 January 2016, during with the authority claims Buzzi Unicem collaborated with other Italian cement makers to coordinate price rises and maintain the stability of market shares.

“Buzzi Unicem believes that the authorities alleged charges are unfounded both in fact and in law and is firmly convinced that it has acted in full compliance with antitrust legislation,” the company said in a statement.

The company added that it intended to launch a legal challenge to the decision “to prove the absence of any anti-competitive profile alleged against us.”

Read the article online at: https://www.worldcement.com/europe-cis/10082017/buzzi-unicem-fined-by-competition-authority/

You might also like

Optimisation 2019

Optimisation 2019

Optimisation 2019 is an online conference for professionals in the cement sector. Since this is a completely virtual conference, you can join us from anywhere in the world, absolutely free. Register for free today »

 

Taiwan’s Asia Cement Joins WCA as a Corporate Member

The World Cement Association announced today it has further expanded its international network of members by welcoming Asia Cement, a Taiwan-based company principally engaged in the production, transportation and sales of cement and clinker, as a Corporate Member.

 
 

Embed article link: (copy the HTML code below):