Cement News tagged under: Competition Commission
Shares in India Cements fall due to CCI investigation28 December 2022, Published under Cement NewsShares in India Cements fell by almost five per cent to INR208 (US$2.51) on 23 December 2022 after officials from the Competition Commission of India (CCI) visited the company's office in Chennai to conduct a search. According to India Cements, “Certain officials of Competition Commission of India visited our office in Chennai at around 11:30am and are conducting a search to find out if any irregularities concerning Competition Commission have occurred.” “We clarify that we have not in... |
PPC31 January 2019, Published under Cement NewsThis month has seen South Africa’s Competition Tribunal once again turn its attention to alleged cartel activity in the cement industry. The Competition Commission previously argued in 2008 that PPC, AfriSam, Lafarge and Natal Portland Cement (NPC) were involved in a market-sharing arrangement in the late 1990s. PPC was granted conditional immunity from prosecution in exchange for complete disclosure of all cartel activity between itself and its competitors. AfriSam and Lafarge paid fines... |
Philippine watchdog finds 'indications" of anticompetitive agreements03 August 2017, Published under Cement NewsThe Philippine Competition Commission (PCC) discovered in its ongoing full administrative investigation “indications of anticompetitive agreements” in the local cement industry, senior officials told reporters on yesterday. Antitrust body commissioners said in a press briefing in Manila that PCC’s competition enforcement office was pursuing the investigation. “The competition enforcement office has seen indications of anticompetitive agreements that they are continuously studying and invest... |
Mauritius opens LafargeHolcim merger inquiry06 August 2014, Published under Cement NewsThe Competition Commission of Mauritius (CCM) has opened an inquiry to determine whether the merger of Holcim and Lafarge will have a negative impact on the competition in the island's cement market. If the merger is completed successfully, Lafarge and Holcim have said they will both sell their holdings in Holcim (Mauritius) Ltd to a third party. "We appreciate that the merger parties have informed the CCM of their actions and are reactive with respect to measures that restore competiti... |
Flying start for India?12 November 2012, Published under Cement NewsWhile Indian cement consumption is recovering, the INR67bn (US$1.1bn) cartel fine imposed by the Competition Commission of India (CCI) on the industry provided an eventful start to the country’s 12th Five-Year Plan. In this report, ICR explores the impact of the CCI’s order on the sector as well as providing a review of cement market activity in the 1QFY12-13. Dalmia Cement's Ariyalur cement plant, situated in the southern Indian state of Tamil Nadu After successfully achieving ... |
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