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Chinese Anti-Monopoly Bureau fines Shandong cement cartel US$35m


Chinese Anti-Monopoly Bureau fines Shandong cement cartel US$35m
Written by Global Cement staff
17 February 2021
China: The Anti-Monopoly Bureau of the State Administration for Market Regulation has fined eight cement companies US$35m for price fixing. Caixin reports that seven companies in Shandong province formed Zibo United Cement Enterprise Management in 2017 to manage their arrangement through invoicing, sales, setting prices and coordinating operating regions. The extent of the anti-competitive behaviour between the companies extended to organising a price management committee to manage the arrangement by monitoring sales and even fining members in breach of its self-declared rules. As well as Zibo United, the other companies in the cartel were Shandong Baoshan Technology, Shandong Donghua Cement, Shandong Shanlü Environmental New Material, Zibo Luzhong Cement, Shandong Chongzheng Special Cement, Zibo Shansh ....

Shandong Shanl , Shandong Baoshan Technology , Anti Monopoly Bureau , State Administration , Market Regulation , Zibo United Cement Enterprise Management , Zibo United , Shandong Donghua Cement , Environmental New Material , Zibo Luzhong Cement , Shandong Chongzheng Special Cement , Zibo Shanshui Cement , Linqu Shanshui , State Administration For Market Regulation , Shandong Shanlu Environmental New Material , Linqu Shanshui Cement , எதிர்ப்பு ஏகபோகம் பணியகம் , சந்தை ஒழுங்குமுறை , ஜிபொ ஒன்றுபட்டது சிமென்ட் நிறுவன மேலாண்மை , ஜிபொ ஒன்றுபட்டது , சுற்றுச்சூழல் புதியது பொருள் ,

China Regulator Smashes Cement Price-Fixing Cartel


China Regulator Smashes Cement Price-Fixing Cartel
A 22-month investigation by a provincial market supervision administration unearthed a meticulously implemented cartel scheme in which seven local cement firms banded together to coordinate pricing. Photo: IC Photo
Market regulators have taken a sledgehammer to a sophisticated cement industry price-fixing scheme in East China’s Shandong province, fining eight companies a record 228 million yuan (35.4 million) for violating the Anti-Monopoly Law.
A 22-month investigation by the provincial market supervision administration unearthed a meticulously implemented cartel scheme in which seven local cement firms banded together to coordinate pricing, monitor all of their inputs and output, and even punish any of their number that erred. ....

Flynn Murphy , Shandong Shanl , Liu Xu , Shandong Baoshan Technology Co , Environmental New Material Co , Linqu Shanshui Cement Co , Tsinghua University National Strategy Institute , Ministry Of Industry , Shandong Chongzheng Special Cement Co , Zibo Shanshui Cement Co , Sichuan Cement Association , Zibo Luzhong Cement Co , Information Technology , Administration For Industry , Shandong Donghua Cement Co , Zibo United Cement Enterprise Management Co , East China , Anti Monopoly Bureau , State Administration , Market Regulation , Zibo United Cement Enterprise Management , Zibo United , Anti Monopoly Law , Southwest China , Tsinghua University , National Strategy Institute ,