Competition Commission report concludes prima facie that cement companies breached competition law: sources
- CCI report on cement manufacturers expected to be finalized within a week
- At first glance, the ICC finds that the cement companies are in violation of the cartelization
- Decision on CCI report on cement manufacturers likely in August
By Meghna Mittal.
Companies have the opportunity before the commission to prove their innocence and listen to their explanations.
Cement companies face a trilemma on market share, profits and valuation
Cement price under pressure, checking dealers in mid-June
The investigation into cartel complaints by cement companies has been ongoing for some time now by the anti-trust regulator. Searches were also carried out in the offices of some of these cement factories.
The ICC investigates complaints of cartelization or price manipulation in the marketplace to ensure a level playing field for all.
CCI also approves mergers and acquisitions in the various sectors to ensure that fair competition is maintained.