North / South America
Cemex fined by Antitrust agency over Russia Cement
Feb, 15 2012
(Mexico) -- Cemex SAB was fined 10.2 million pesos ($800,500) by Mexico’s antitrust agency for anticompetitive practice in the blocking of a 2005 shipment of cement from Russia, it's been reported, citing the regulator.
Cemex said the decision is unfounded and the company will appeal, Reuters reported, citing the company. A group of competitors tried to import 26,000 tons of the cement, which was cheaper than Cemex’s product, it's been reported.
The ship carrying the cement, the Mary Nour, was held in port for months before being turned away, Reuters said.
India - Cement demand is improving in five states supported by a sharp price increase of Rs 30-40/ bag in the past two months. Three other states are showing initial signs of demand picking up. More
Scott Erickson and Dan Wargnier have long been like family.
The bond recently grew even stronger. More