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News Peruvian court upholds US$2m competition fine on UNACEM

Peruvian court upholds US$2m competition fine on UNACEM

Written by Global Cement staff 30 May 2019
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Peru: The Supreme Court has upheld a fine of nearly US$2m by the National Institute for the Defense of Free Competition and the Protection of Intellectual Property (INDECOPI) on UNACEM. The penalty was levied due to UNACEM and its distribution network refusing to allow retailers to sell cement made by its competitor, according to the Gestión newspaper. INDECOPI said that in 2014 UNACEM and its collaborators refused to allow retailers to stock its Sol brand of cement if they were selling the rival Quisqueya brand produced by Mexico’s Cemex.

Last modified on 05 June 2019
Published in Global Cement News
Tagged under
  • Peru
  • Legal
  • Competition
  • Fine
  • UNACEM
  • Cemex
  • Product
  • retail
  • Distribution
  • National Institute for the Defense of Free Competition and the Protection of Intellectual Property
  • GCW408
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