India Implicates Nine Firms In Cement Cartel

Law360, New York (March 4, 2008, 12:00 AM EST) -- Ahead of an expected strengthening of India's antitrust guidelines, the country's competition watchdog is already flexing its muscles, finding nine cement manufacturers guilty of operating a price-fixing cartel in 2000 and 2001.

India's Monopolies and Restrictive Trade Practices Commission said in a ruling issued Feb. 29 that the cement producers – including ACC Ltd., Laffarge Cement India, Grasim and four others – “acted in concert” to increase their prices in tandem through the Cement Manufacturers Association, the Press Trust of India reported Monday.

The agency does...
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