India: A court has ruled that the Builders Association of India (BAI) is an interested party, and thus able to complain to the Competition Commission of India (CCI), over alleged cement sector cartelisation leading to cement price rises. BusinessLine Online News has reported that the BAI believes high Southern Indian prices to be unaccountable except as an outcome of cartelisation.
The CCI launched its on-going cement cartel investigation in 2019.
India: Police raided a Gwalior, Madhya Pradesh, fake cement bagging plant on 26 September 2022. The Free Press Journal newspaper has reported that the officers arrested multiple suspects and recovered 200 bags of fake cement and 5000 bags of raw materials for fake cement mixing.
UltraTech Cement had previously reported to police that counterfeit cement bearing UltraTech Cement branding was circulating in the district.
Costa Rica: The Costa Rica Institute of Technical Standards (INTECO), with confirmation of the National Institute for Women (INAMU), has renewed Holcim Costa Rica’s Management System for Gender Equality in the Workplace certification. This recognises the company’s commitment to promoting the role of women in its operations. Holcim Costa Rica requires the candidate pool for new positions to consist of 50% men and 50% women. This has helped its realise representation of 52% women across its corporate offices, and 35% in all leadership roles. Its CEO Andrea Lara said that the producer assures its employees a work environment characterised by respect, fairness and an absence of harassment or discrimination.
Lara said “Both men and women have the same opportunities. The position is awarded to the most qualified man or woman for the position.”
India: Ramco Cements plans to inaugurate its upcoming Nandyal cement plant in Kalvatala, Andhra Pradesh, on 28 September 2022. The Sakshi Post newspaper has reported that the plant will have a cement capacity of 2Mt/yr. Ramco Cements’ planned total capital expenditure (CAPEX) investments during the 2023 and 2024 financial years (1 April 2022 – 31 March 2024) are expected to reach US$154 – 167m.
Two West Bengali welders fell to their deaths at the site of the upcoming Nandyal cement plant on 25 September. The welders had been working on a conveyor system when it snapped. The Times of India newspaper has reported that both workers died immediately. Police have informed their relatives and are conducting post-mortems.
