The Superintendent of Industry and Commerce, Pablo Felipe Robledo, revealed last week that the agency under his command has discovered a new cartel, adding to a growing list that includes diapers, private security, toilet paper, meat and notebooks, among others discovered in recent years. This time, the suspected uncompetitive behaviour has been identified in the concrete tube industry.
The companies involved include American Pipe, Manufacturas de Cemento (Titan) and Tubox. Likewise, SIC issued charges against seven senior executives and former executives of the above-mentioned companies for having collaborated, facilitated, authorized and implemented price-fixing measures.
According to the regulator, between 2004 and 2014, during which time these anticompetitive behaviors would have been committed, the three companies sold about 250 billion pesos ($87 million US).
Full Content: El Tiempo
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI