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News Argentinian National Commission for the Defence of Competition busts cement cartel

Argentinian National Commission for the Defence of Competition busts cement cartel

Written by Global Cement staff 13 June 2022
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Argentina: The National Commission for the Defence of Competition (CNDC) has concluded an investigation into the cement industry with the finding that all four Argentinian cement producers colluded to maintain high prices between 2013 and 2018. Cementera Avellaneda, Holcim Argentina, Loma Negra and Petroquímica Comodoro Rivadavia (PCR) reportedly increased their sales by US$178m between 1 July 2017 and 30 June 2018 through cost overruns generated by their control of local markets.

The CNDC ordered the Portland Cement Manufacturers Association (AFCP) to refrain from distributing competitively sensitive information production, dispatches and imports information between its member companies.

Last modified on 15 June 2022
Published in Global Cement News
Tagged under
  • Argentina
  • Loma Negra
  • Intercement
  • Petroquímica Comodoro Rivadavia
  • Holcim
  • Holcim Argentina
  • Cementera Avellaneda
  • market
  • Cartel
  • Price
  • Competition
  • AFCP
  • association
  • Government
  • GCW561

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