A PYMNTS Company

CFC upholds Cemex fine for holding up Russian cement

 |  June 15, 2012

Mexico’s Federal Competition Commission upheld its 10.2 million peso fine against Cemex. The regulator had fined Cemex, a world leader in cement production, in February for holding up a rival’s shipment of imported cement made in Russia at port for months in 2005. The shipment was later turned away. Cemex had appealed the fine, and now seeks an injunction.

Full content: Bloomberg


Related contentAmendments to Improve the Mexican Competition Law


Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.