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.
Holcim, which operates a cement plant in Theodore, Ala, has received the First Place 2015 Gulf Guardian Award in the Business and Industry Category from Environmental Protection Agency's Gulf of Mexico Program for its advanced stormwater management efforts. More
LafargeHolcim, the world's biggest cement maker, on Friday offered to buy out the shares it does not own in Greek peer Heracles. More