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.
KHD Humboldt Wedag International AG’s US-based office, Humboldt Wedag, Inc., is executing two orders with Lafarge North America Inc. and Lafarge Canada Inc. (Lafarge) for engineering, delivery of equipment, and site services of new clinker production lines at the Exshaw and Ravena plants. More
US-based Vulcan Materials Company has announced that the sale of its cement and concrete operations in Florida to Cementos Argos is now complete. More