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India: US$1 bn fine for 11 firm 'cartel'

机译:印度:对11家“ cartel”公司罚款10亿美元

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India: The Competition Commission of India (CCI) has imposed a penalty of more than US$ 1 bn on 11 cement companies for alleged cartelisation. The companies affected are UltraTech, Binani, Ramco, Jaiprakash Associates, JK Cement, Lafarge, India Cements, ACL, ACC, Century and Shree Cement, as well as the Indian Cement Manufacturers' Association (CMA). The order issued by the anti-trust regulator held the companies and the CMA responsible for 'acting in concert in fixing prices of cement.' The companies and the CMA allegedly shared details relating to prices, capacity utilisation, production and dispatch, which led to restricted production and supplies in the market that hurt consumers and the Indian economy, the order said. Further, the CCI also found the cement companies to be acting in concert in fixing prices of cement. A final order has been passed by CCI, pursuant to the directions issued by the Competition Appellate Tribunal (CAT) remanding the matter back, while setting aside the original order of the fair trade regulator, which had also imposed a fine on cement companies.
机译:印度:印度竞争委员会(CCI)对11家水泥公司因涉嫌卡特尔化而处以10亿美元以上的罚款。受影响的公司包括UltraTech,Binani,Ramco,Jaiprakash Associates,JK Cement,Lafarge,India Cements,ACL,ACC,Century和Shree Cement,以及印度水泥制造商协会(CMA)。反托拉斯监管机构发布的命令要求这两家公司和CMA负责“共同确定水泥价格”。该命令称,两家公司和CMA共享了有关价格,产能利用率,生产和调度的详细信息,这导致市场上的生产和供应受到限制,从而损害了消费者和印度经济。此外,CCI还发现水泥公司在确定水泥价格方面起着协调作用。 CCI已根据竞争上诉法庭(CAT)发出的指示将此事发还,同时又撤销了公平贸易监管机构的原命令,该命令也已对水泥公司处以罚款。

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