Cement News tagged under: Competition Commission of India
LafargeHolcim receives revised divestment order from India09 February 2016, Published under Cement NewsLafargeHolcim has received a revised order from the Competition Commission of India (CCI) to divest its interest in Lafarge India, including three cement plants and two grinding stations with total capacity of 11Mta. " The proposed transaction is an alternate remedy for the merger of the group's legacy companies and now forms part of the company's CHF3.5bn (US$3.54bn) divestment target in 2016," LafargeHolcim said in a statement. Last week the building materials giant said it was reviewi... |
CREDAI files complaint with India regulator06 October 2015, Published under Cement NewsThe Confederation of Real Estate Developers’ Associations of India (CREDAI) has filed a complaint with the Competition Commission of India (CCI) against cement manufacturers for the alleged manipulation of cement prices. In its submission to the Commission, CREDAI has pointed out that the cost of raw materials used in manufacturing cement has fallen between January and September this year, yet customers are yet to feel the benefit. CREDAI believes that the cement firms are working in tande... |
CCI clears HeidelbergCement-Italcementi deal25 September 2015, Published under Cement NewsCompetition Commission of India (CCI) has approved HeidelbergCement's proposed acquisition of Italcementi SpA. The fair trade regulator said in a tweet said it has approved "acquisition of Italcementi SPA by HeidelbergCement AG". |
Lafarge and Holcim receive clearance from CCI on proposed merger02 April 2015, Published under Cement NewsHolcim and Lafarge yesterday announced they have received clearance from the Competition Commission of India (CCI) on their proposed merger. A package of asset divestments has been agreed with the CCI which involves the sale of the Sonadih cement plant and Jojobera grinding unit both owned by Lafarge. The two plants have a combined capacity total capacity of 5Mta and are situated in eastern India. The groups said in a joint statement that the divestment process will be carried out in the ... |
CCI clears LH merger on condition23 February 2015, Published under Cement NewsThe Competition Commission of India has reportedly given the green light to the Lafarge and Holcim merger on condition it divests divests some of its units, including limestone reserves, to prevent a monopoly in eastern India, top sources said. After prima facie investigations by CCI revealed the combination will likely have an appreciable adverse effect on competition, especially in eastern India, the CCI launched ‘phase II investigations’. It put the merger proposal in public scrutiny u... |
CCI decision on Lafarge and Holcim merger due ‘within a month’20 January 2015, Published under Cement NewsThe Competition Commission of India (CCI) will soon decide on the proposed merger between Lafarge and Holcim, the Economic Times (India) cited CCI chairman, Ashok Chawla, as saying. "The final order on the case should be out within a month," Mr Chawla said. In December the cement producers said in India, both companies “are well on track” in preparing the merger with the future structure for this part of the world. Sources told the ET that the CCI is likely to prescribe a structural remed... |
India: LafargeHolcim merger could harm competition25 November 2014, Published under Cement NewsThe merger between Holcim (Switzerland) and Lafarge (France) is likely to hurt competition in the country, says the Indian Competition Commission (CCI), according to reports in the Indian media. The CCI stated that it ''formed a prima facie opinion that the combination is likely to have an appreciable adverse effect on competition.'' The regulator has now directed both companies to publish details of the merger to the knowledge of the public and rival companies that may be affected or... |
India: CCI closes cement case25 November 2014, Published under Cement NewsThe Competition Commission of India (CCI) has closed a case of alleged cartelisation among cement companies due to a lack of evidence. An anonymous reference before the CCI had alleged that 11 cement companies increased prices by INR75/bag (US$1.21/bag) within a month. In its order, the CCI noted that the reference states that the price increased from INR230-250 to INR300-330/bag after the general elections in Andhra Pradesh. The order didn't specify the exact period over which the price... |
India: CCI closes case against 11 cement companies24 November 2014, Published under Cement NewsThe Competition Commission of India (CCI) has closed a case of alleged cartelisation among cement companies for lack of evidence. An anonymous reference had alleged that the cement producers had increased prices by INR75/bag (US$1.21) within the period of a month, according to HN Mint news service. The companies were named as Penna Cements, India Cements, Ramco Cements, Bharathi Cements, Dalmia (Bharat) Cements, Bhavya Cements, Zuari Cements, Ultratech Cements, Jaypee Cements, KCP Cements... |
Competition Commission clears Shree acquisition of Jaiprakash unit19 November 2014, Published under Cement NewsThe Competition Commission of India (CCI) said it has approved a proposal of Shree Cement to acquire Jaiprakash Associates' 1.5Mta grinding unit in Haryana, saying the deal will not raise anti-competition concerns. The proposed deal involves the transfer of the cement grinding unit at Haryana's Panipat owned by Jaiprakash Associates to Shree Cements by way of a slump sale, a notification on the competition panel's website said. "The proposed combination is not likely to have an a... |