Cement News tagged under: fines

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Uzbekistan fines Shangfeng cement plant nearly US$400,000

28 August 2024, Published under Cement News

The Competition Promotion and Consumer Protection Committee of Uzbekistan has found Shangfeng Bridge of Friendship cement plant guilty of engaging in anti-competitive practices, including dumping and restricting the exchange competition. The committee has also forwarded documents concerned with cement sales under direct contracts to the Tax Committee for the assessment of profit tax and VAT.  The committee has imposed a fine of nearly UZS5bn (US$396,150) on the Shangfeng Bridge of Frien...

CCI accuses Indian cement industry of antitrust violations

08 August 2022, Published under Cement News

The investigations arm of the Competition Commission of India (CCI) has held top leadership of Holcim, ACC and Ambuja cement, market leader UltraTechCement   and 17 other firms,   such as Shree Cement and Dalmia Cement liable for antitrust violations.  The investigation report, issued last month and seen by Reuters, is the penultimate but most significant stage of the CCI probe that started in 2019. The report, which is not public, will now be reviewed by CCI's top three officials who ha...