CCI accuses cement companies of forming cartel
Published by Robyn Wainwright,
Assistant Editor
World Cement,
Competition Commission of India (CCI) has found, in a preliminary investigation, that six cement companies in the northeast region have formed a cartel.
“In fresh investigations, six large cement manufacturing firms have been found to be forming a cartel,” a source close to the development said.
CCI has previously imposed heavy fines on cement companies and the Cement Manufacturers’ Association (CMA) totalling more than INR 60 billion in 2012, and more than INR 67 billion in 2016.
The companies involved in the newly formed cartel have been directed ‘to cease and desist’ from such activities.
Read the article online at: https://www.worldcement.com/indian-subcontinent/15022018/cci-accuses-cement-companies-of-forming-cartel/
You might also like
Ready to revolutionise the cement industry?
Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
thyssenkrupp Polysius to build new production line for GCC
GCC plant in Odessa, Texas receives third clinker production line.
