15 February 2012
Cemex to contest cartel fine 15 February 2012
Mexico: Mexico's antitrust commission said it has fined the country's biggest cement company Cemex US$796,000 following an investigation into a failed attempt by a competitor to import cement into Mexico in 2004.
The Federal Competition Commission (CFC) said that the fine was for 'relative monopolistic practices,' which can include displacing competitors from the market.
Cemex said that it had been notified of the ruling, which it considers unfounded, and plans to contest it. "Cemex always acts in strict accordance with the law and will proceed with the legal resources that apply in this case," the company said.
The antitrust investigation followed a complaint by a group that was blocked from importing cement from Russia in 2004. Comercio para el Desarrollo Mexicano (CDM), which had been formed by local entrepreneurs and several foreign partners, was kept from unloading a 26,000t shipment, and had said it intended to import up to 0.5Mt/yr.
Work to step up at Zambian Dangote plant 15 February 2012
Zambia: Work on the construction of a new US$500m Dangote Cement plant in the Masaiti District of Zambia is progressing well and will be completed on schedule, according to company logistics manager Kampew Nundwe. The 1.5Mt/yr plant will be the largest in the country when it reaches its full capacity in 2013.
The plant is expected to create more than 1500 direct and indirect jobs during the construction and operational phases. "At the construction stage, 500 casual workers will be employed and up to 1000 people will be employed when full operations start," said Nundwe.
Nundwe said that the Chinese contractor working on the project has completed construction of temporary offices would soon be moving to the main construction site, with 80 trucks carrying materials from Germany and China scheduled to arrive from 15 February 2012 onwards.