Displaying items by tag: Fine

Cyprus: Vassilikos Cement has incurred a fine of Euro5.07m from the Cypriot Committee for the Protection of Competition (EPA). The commission found that the producer took advantage of its dominant position in the local cement market to impose 'unfair sale prices.' This 'excessively enlarged' the producer's profit margins in the period from 2013 to 2018.

The EPA also ordered Vassilikos Cement not to repeat the violation.

Canada: A court has fined Lafarge Canada US$145,000 for a dust spill from its Bath, Ontario, cement plant in October 2019 that 'covered' homes, gardens and cars. The court found that the emission 'caused or was likely to cause adverse effects.' The Belleville Intelligencer newspaper has reported that the Canadian Ministry of Environment previously concluded that no harm to health resulted from the incident.

Plant manager Ignacio Arroyo said "Myself and our plant team unreservedly apologise for the upset and concern that our dust release has caused all of you. We intend to make it right and make sure it never happens again."

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.

Taiwan: The Taiwanese Fair Trade Commission (FTC) has fined 18 companies a total of US$7m for participation in a ready-mix concrete price-fixing cartel. The companies, including Taiwan Cement, all participate in the ready-mix concrete industry in Taoyuan Special Municipality. The FTC said that the companies have colluded both in person and via messaging apps in order to raise the price of concrete in Taoyuan, since 'as early as November 2018.' Other recipients of fines include Goldsun Building Materials, Ya Tung Ready Mixed Concrete and 15 companies based in Taoyuan. Fines range from US$16.5m up to US$329m for larger participants.

CNA News has reported that Taiwan Cement denies involvement in any cartel.

US: Mexico-based GCC must pay US$36.1m in compensation to Bolivia-based Compañia de Inversiones Mercantiles (CIMSA) in their dispute over deal concerning shares in Sociedad Boliviana de Cemento (SOBOCE). A US court issued the latest ruling after refusing to recognise an earlier judgment by a Bolivian court on 10 January 2023.

Milenio News has reported that GCC is expected to appeal the US court's decision.

Zimbabwe: Companies registered in Zimbabwe are now subject to a new penalty framework under which they will face a US$14,200 fine for failure to publish audited full-year accounts within 90 days of the end of the year. Additional fines will accrue at a rate of US$100/day for the subsequent 30 days or less, whereupon the regulator will take further action. Business Weekly News has reported that the Securities and Exchange Commission of Zimbabwe (SecZim) enacted the new rules after Lafarge Cement Zimbabwe failed to fully disclose its acquisition by Fossil Mines in December 2022.

Kenya: The Supreme Court of Kenya has ordered lenders Absa Bank and KCB Group to not seize Savannah Cement's assets or appoint administrators or receivers for it after the producer defaulted on its debts. The producer's debts include US$2.41m in interest and US$110,000 in penalties. The temporary block will stand until the court issues further directions. Business Daily News has reported that the court has ordered Savannah Cement to pay US$81,200 to Absa Bank by 28 December 2022.

Savannah Cement director Benson Sande Ndete alleged that lenders coerced the company into repaying US$40.6m-worth of debt. The law forbids interest payments greater than the principal sum of a loan.

Ndete said, "The firm is working to complete the funding of its Kitui clinker plant project, which will allow it to get all the funds necessary to clear the debts."

US: The Alabama Department of Environmental Management (ADEM) has ordered Holcim US to pay a US$100,000 fine for alleged fugitive dust emissions from its Theodore cement plant in Mobile. Between February and August 2022, witnesses reported multiple dust plumes sighted above the plant, which is situated on the Theodore canal. AL.Com News has reported that, while neither admitting or denying the contentions, Holcim US said that it has taken actions affecting its raw materials unloading processes to ensure compliance.

Plant manager Clay Copeland said “We have worked closely with the ADEM to address concerns raised earlier this year."

Syria/US: A US court has found Lafarge Cement Syria guilty of conspiring to provide material support to the terrorist organisations al-Nusrah Front (ANF) and ISIS in Northern Syria during 2013 and 2014. Lafarge Cement Syria and its parent company, France-based Lafarge, agreed in 2011 to pay the terrorists for Lafarge Cement Syria employees' 'protection' and the continuation of the Jalabiyeh cement plant's operations, as well as to gain an economic advantage over other Syrian competitors. During the duration of the agreement, Lafarge Cement Syria recorded US$70.3m in sales. Coalition forces fighting against ANF and ISIS damaged the plant in an airstrike 'to reduce the facility's military usefulness' on 16 October 2019.

The court ordered Lafarge Cement Syria to pay criminal fines and forfeiture totaling US$778m.

Israel: Nesher Cement has been fined US$1.9m for violations of the Clean Air Law at its cement factory in Ramla. The fine was issued for repeatedly exceeding permitted emissions limits, including for mercury/mercury compounds and particulate matter. 22 violations have been recorded since July 2022.

“The recent fine issued against the Nesher Ramla cement plant is a very welcome step forward, but it’s far from enough,” said Knesset member Alon Tal, chairman of the Subcommittee on Environmental and Climate Impacts on Health. “Just a month ago the ministry issued a permit for seven years to the factory, notwithstanding its dubious record as a serial violator of Israel’s Clean Air Law. This makes absolutely no sense.”

Local activists living near the factory were also not satisfied with the value of the fine. “The Environmental Protection Ministry has confirmed that there’s an unusual rate of cancer, especially lung cancer, in Ramla and Lod,” said Benjamin Ruggill, leader of a citizen action group, to local press.