(Il Sole 24 Ore Radiocor) – The European Commission has accused several manufacturers of additives for cement and concrete, including the Mexican giant Cemex and a subsidiary of the French group Saint-Gobain, of forming a cartel to impose higher prices on customers. The additives in question are chemical substances commonly used in the construction sector to improve the properties of concrete, cement, and other mortars.
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The Commission, which conducted surprise inspections in 2023, suspects that manufacturers and trade associations in France, Germany, and Spain agreed to increase prices in a coordinated manner in 2021 and 2022, after the Russian invasion of Ukraine. If these suspicions are confirmed, the Commission could impose fines of up to 10% of the global annual turnover on the companies involved, who will, however, have the opportunity to defend themselves. Also involved are the Swiss leader Sika, the Italian Mapei, and the French TAM.
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