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Wednesday, November 2, 2011

Lafarge Could Face Penalties over alleged Cartel Case

On November 1st, 2011 a South African news source Engineering News Online, mentionned a commission investigation has been initiated in June 2008, on price fixing and market allocation against Pretoria Portland Cement (PPC), Lafarge Industries South Africa (Lafarge), AfriSam and Natal Portland Cement-Cimpor (NPC-Cimpor). It mentioned Lafarge Industries South Africa, a Lafarge's subsidiary and NPC-Cimpor could face penalties representing 10% of their yearly revenues for potentially breaching the South Africa’s Competition Act.

Lafarge was delisted from the list of Global Compact participant on 2011/10/31

Read More on Engineering News Online

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