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News Spanish regulator issues Euro29.2m fine to cement companies

Spanish regulator issues Euro29.2m fine to cement companies

Written by Global Cement staff 13 September 2016
  • Print

Spain: The National Commission for Markets and Competition (CNMC) has issued total fines of Euro29.2m to 23 cement companies for involvement in a cartel between 1999 and 2014. Among the companies are Cementos Portland Valderrivas, with a Euro10.2m fine, Cemex Spain with a Euro5.8m fine and Holcim Spain, with a Euro4.4m fine, according to the Cinco Días newspaper.

The CNMC’s investigations have shown that the companies coordinated the exchange of commercial information, market sharing and price fixing between 1999 and 2014 in three distinct geographical areas in the north, centre and south of the country. Notably, the southern region examined the companies used email and WhatsApp mobile phone application to share sensitive information.

Last modified on 14 September 2016
Published in Global Cement News
Tagged under
  • Spain
  • CNMC
  • Cartel
  • Cementos Portland Valderrivas
  • Cemex
  • Holcim
  • LafargeHolcim
  • Fine
  • GCW268

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