Mexico’s Cemex fined for anti-competitive practices

Reuters, 2/14/12

Mexico’s competition watchdog fined cement giant Cemex 10.2 million pesos ($800,500) for anticompetitive practices in a 2005 dispute when the company blocked a shipment of cheap Russian-made cement from entering the country.

A rival group tried to import 26,000 tons of lower-priced Russian cement into Mexico, but the “Mary Nour” vessel was held up for months at a Mexican port and eventually turned away in 2005 after being blocked by Cemex .

The rival group brought a claim against Cemex in 2006, but the fine was only published by the competition regulator, known as Cofeco, on Monday. Cemex said it would appeal the decision.

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