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News Peruvian competition authority fines Yura and Raciemsa

Peruvian competition authority fines Yura and Raciemsa

Written by Global Cement staff 01 March 2023
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Peru: The Peruvian National Institute for the Defence of Free Competition and the Protection of Intellectual Property (Indecopi) has fined Yura and fellow Grupo Gloria subsidiary, transport company Racionalización Empresarial (Raciemsa), US$15.7m for abuse of their dominant position. Local press has reported that the companies conducted anti-competitive practices in Arequipa, Cusco, Moquegua, Puno and Tacna, where Yura holds an over 90% market share, between October 2014 and April 2019. Alleged practices included threatening to restrict the supply of Yura cement to enforce exclusive supply contracts and restricting access to Yura cement plants for trucks transporting cement from other producers.

Published in Global Cement News
Tagged under
  • Peru
  • Indecopi Perú
  • Competition
  • Yura
  • Grupo Gloria
  • Raciemsa
  • Fine
  • GCW597
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