South African Cement Co. Fined $6.5M For Fixing Prices
The settlement resolves an investigation by the Competition Commission that revealed a price-fixing and market division agreement between Lafarge Industries South Africa and the nation's other three major concrete producers, Pretoria Portland Cement Co. Ltd., AfriSam Ltd. and Natal Portland Cement Cimpor Ltd.
“Lafarge admits that it entered into agreements and...
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