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News Lafarge penalty confirmed

Lafarge penalty confirmed

Written by Global Cement staff 04 April 2012
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South Africa: The French multinational Lafarge will pay US$19.3m after it was found guilty of involvement in a cement cartel in South Africa. The Competition Tribunal confirmed that the settlement represented 6% of Lafarge's 2010 turnover in the Southern African Customs Union countries (South Africa, Botswana, Lesotho, Swaziland and Namibia). AfriSam, another of the cartel participants, previously agreed to pay an 'administrative penalty' of US$16.1m.

Published in Global Cement News
Tagged under
  • South Africa
  • Lafarge
  • Cartel
  • Fine
  • GCW43

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