Mexico’s antitrust agency on Thursday, May 3, announced in a statement that it is investigating possible monopoly practices in the market for cellulose-based personal hygiene products, such as diapers and toilet paper, reported Reuters.
The Federal Commission for Economic Competition, (Cofece), posted a notice in the government’s daily gazette that it had discovered evidence of possible price fixing and collusion in the market for such goods.
Shares in Kimberly-Clark de Mexico sank to nearly a three-year low on Thursday after the country’s antitrust agency said it was investigating price fixing in the market for cellulose-based personal hygiene products, such as diapers and toilet paper.
Cofece did not provide details on the investigation or name any companies. But Kimberly-Clark de Mexico is the leader in the market of personal hygiene products in Mexico, according to the company’s website.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI