Cement News tagged under: Jilin Yatai (Group) Co
China: three cement firms fined for price fixing23 October 2014, Published under Cement NewsJilin Yatai Group Cement Sales Co Ltd (Yatai), North Cement Co Ltd and (North) and Jidong Cement Jilin LLC (Jidong) were handed out fines for price fixing after China's National Development and Reform Commission (NDRC) instructed the Jilin Province Price Bureau to impose financial penalties totalling CNY114m (US$19m) following alleged breaches of the Anti-Monopoly Law (AML) by the companies involved. The NDRC found that in April 2011, the three cement producers met and agreed to coordinate ... |
Jilin Yatai joint venture investment, China26 March 2012, Published under Cement NewsJilin Yatai (Group) Co and its partner will together inject CNY285m (US$45m) into their Changchun, Jilin Province-based joint venture to support the joint venture development. China Business Wire reported that Jilin Yatai will inject CNY211m of cash and will still hold a 64 per cent stake. It partner, a fully-owned subsidiary of CRH, will invest CNY74.1m in the joint venture and its stake will remain at 26 per cent. After the injection, the joint venture will see its registered capita... |
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