Cement News tagged under: Cartel
COMPAT reserves order on cement firms appeal, India19 March 2013, Published under Cement NewsIndia’s Competition Appellate Tribunal (COMPAT) has reserved its order over a batch of appeals filed by cement producers contesting the INR63.07bn (US$1.1bn) penalty imposed by the Competition Commission of India for cartel practices. According to Press Trust of India, a COMPAT bench reserved its order after hearing the submissions. The CCI had found "cement manufacturers in violation of the provisions of the Competition Act, 2002 which deals with anti-competitive agreements including ... |
COMPAT hearing set to resume, India13 March 2013, Published under Cement NewsThe Competition Appellate Tribunal (COMPAT) hearing is to resume today over petitions filed by cement companies over the INR63.07bn (US$1.1bn) penalty imposed by the Competition Commission of India (CC) on grounds of price collusion. The Press Trust of India reported that a COMPAT bench headed by it Chairman, Justice V S Sirpurkar would start its hearing on March 13 adjourned on 4 March. CCI had found "cement manufacturers in violation of the provisions of the Competition Act 2002 which... |
Egypt considers levy on cement exports07 March 2013, Published under Cement NewsEgypt’s Ministry of Industry and Foreign Trade Eng Hatem Saleh has said that the ministry is considering imposing a levy on cement exports as a result of increases in cement prices on the local market. In a statement released last Thursday by Egypt’s State Information Service, the Minister said that cement prices in the local market have increased from EGP420/t to EGP700/t, while there is a significant deficit in cement supply in the market which is also leading to increased prices. T... |
Egypt: rising prices prompt monopoly concerns05 March 2013, Published under Cement NewsA recent rise in Egyptian cement prices has prompted the country’s Consumer Protection Agency to file a complaint with the Protection of Competition on price fixing allegations. The Consumer Protection Agency is claiming that cement companies have tactically agreed to raise cement prices, according to reports in Al-Masry Al-Youm press. The report states that the president of the Consumer Protection Agency, Atef Yaaqoub, has questioned the price increase given that cement supply has gone up... |
India’s COMPAT hears petitions on cartel ruling25 February 2013, Published under Cement NewsIndia’s Competition Appellate Tribunal (COMPAT) has begun hearing the petitions filed by cement firms on a US$1.1bn penalty imposed on them by the Competition Commission of India on grounds of cartel practices. A COMPAT bench, headed by its chairman Justice VS Sirpurkar, began hearing the petitions last week and the hearings are expected to resume today (Monday 25 February) and be carried out on a fast-track basis this week, the Economic Times of India reports. The Competition Commissi... |
Holcim raises cement prices in Mauritius25 January 2013, Published under Cement NewsHolcim raised its price of a 50kg bag in Mauritius to MUR211.60 or US$6.86 (delivery to Port-Louis). In other parts of the island, a premium of around MUR5-10 is paid to trucking costs. The island’s other supplier Lafarge, last raised its prices in April 2012 and a 50kg bag, for delivery to Port-Louis, of their cement costs MUR195.50. In the recent past, the State Trading Corporation stopped importing cement, leaving the two cement producers with a clear field to expand their busine... |
India: Compat hears petitions in cement cartilisation case07 December 2012, Published under Cement NewsThe Competition Appellate Tribunal (COMPAT) has started hearings on the plea of 11 cement companies seeking stay on INR6307 crore (US$1160.4m) penalty imposed by fair trade regulator CCI on the grounds of cartelisation. It was COMPAT’s first hearing after the cement firms filed their amended petitions after CCI served them separate copies of its order providing them with complete details on production, pricing, dispatches and sales etc. After hearing day long arguments, a three member COMP... |
Indian producers move forward with cartel appeal02 November 2012, Published under Cement NewsEleven Indian cement producers fined by the Competition Commission of India (CCI) for cartel practices, yesterday approached the Competition Appellate Tribunal (COMPAT) to challenge the findings announced earlier this year. A notice has now been issued to the CCI and the matter is listed for the next hearing on 22 November. ? The three-member COMPAT bench, headed by chairman Justice VS Sirpurkar did, however, request that now coercive action is taken against Shree Cement which was issued a ... |
CCI asked to provide details on cement cartel ruling, India12 October 2012, Published under Cement NewsThe Competition Appellate Tribunal (COMPAT) has asked the Competition Commission of India to submit fresh copies of its order levying over INR 6,300 crore (US$1.1bn)) in penalties on 11 cement companies for cartel practices, providing them with complete details on production, pricing and sales. Hearing the appeals of the cement companies against the Competition Commission order of June 21, COMPAT asked it to issue a fresh copy of the direction to them within a week, according to reports i... |
Competition tribunal serves notice to CCI13 September 2012, Published under Cement NewsThe Competition Appellate Tribunal ( COMPAT) has served notice to the Competition Commission of India and the Builders Association of India regarding the INR6307 crore (US$1.1bn) fine issued on 11 cement producers for price fixing. Hearing an appeal by cement companies including UltraTech and ACC, the tribunal also asked the CCI not to take any coercive action in the matter until 11 October when the COMPAT would next hear the case. In their petitions, the cement firms have requeste... |