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News Colombian court confirms fine to Cemex for price fixing

Colombian court confirms fine to Cemex for price fixing

Written by Global Cement staff 20 June 2018
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Colombia: The Council of State has confirmed a fine to Cemex imposed by the Superintendent of Industry and Commerce (SIC) for fixing the price of cement. The ruling found that an agreement between Cemex Colombia, Holcim Colombia and Cementos Argos distorted the price, supply and sales of Ordinary Portland Cement in the second half of 2005. In particular the tribunal found that the way in which Argos gave information about Cementos Andino’s involvement in the national market to Cemex and Holcim was be anti-competitive.

Last modified on 25 June 2018
Published in Global Cement News
Tagged under
  • Colombia
  • Cemex
  • Superintendent of Industry and Commerce
  • Competition
  • Legal
  • Cemex Colombia
  • Holcim Colombia
  • LafargeHolcim
  • Cementos Argos
  • GCW358
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