Polish cement cartel fined
Published: 15 December, 2009
POLAND: Poland's antitrust regulator imposed record fines on the Polish units of CRH and Cemex SAB as well as four other cement producers for fixing prices and market shares.
The watchdog fined the six £90m. The other companies are Gorazdze Cement SA, a unit of Germany's biggest cement maker, Heidelberg Cement AG; another German cement maker, Dyckerhoff AG; and Polish producers Cementowania Warta SA and Cementowania Odra SA, the regulator said in a statement before a press conference in Warsaw today.
The antitrust office started its investigation in 2006 and said in a statement at the time that it suspected some market participants of fixing prices and sales levels. It raided offices of eight cement producers and three other companies in May that year.
Five of the six producers were fined the maximum possible of 10% of their annual revenue, while Gorazdze will pay 5% of its revenue, because it cooperated on the case with the regulator, the watchdog said without detailing the individual penalties.
Lafarge SA, the world's biggest cement maker, although it also participated in the cartel was not fined because it helped in the investigation. The seven companies controlled the Polish market, the watchdog said.