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
World Cement Podcast
Tune into Episode 2 of the World Cement podcast to hear the second half of the CCUS-focused panel discussion from EnviroTech 2024.
Holcim acquires Compañía Minera Luren to expand in Latin America
Holcim has completed the acquisition of Compañía Minera Luren, a leading Peruvian producer of specialty building solutions with 377 employees.
