A price-fixing lawsuit filed in Florida accuses Titan America, Holcim, Lafarge, Cemex, and others of working together to set cement prices.

{reg}The Florida federal court received a class-action lawsuit concerning nine cement companies accused of inflating prices for nine years. Star News Online reports the cement companies “conspired in a price-fixing scheme to boost the price of cement and concrete and eliminate competition in Florida.” Titan , Cemex Corp. Florida Rock Industries Inc., Holcim Inc., Lafarge North America Inc., Lehigh Cement Co., Oldcastle Materials, Suwannee American Cement LLC and Votorantim Cimentos North America Inc have all been listed in the suit.

The lawsuit goes on to specify that the companies allegedly “agreed to inflate prices by coordinating the level and timing of price increases for cement and concrete from at least January 2000 until the present.” Furthermore, the companies are accused of balancing the client lists to eliminate competition among the group. More specifically, cement companies made the exact same increase in concrete and cement prices during 2008.

In fact, according to the lawsuit, “the defendants didn't make the same discounts available to each other's customers, and each company offered discounts only to customers in specific geographic regions.....” Plaintiffs will be able to access records for every company to further prove their claims.{reg}


E-mail Print

Banner

In Depth

  • Wrapping, shrinking or stretching? A technical report by Beumer.
    According to Beumer for many companies in the chemical, building material or food industries, the efficient packaging of their palletised goods is a deciding competitive factor. Some of the crucial factors are transport security, anti-theft protection, display characteristics of the packaged goods, as well as weatherproofing for outside storage.
    29 June 2015
  • Risk Management in Construction Contracts Part III
    Those contractor and subcontractor entities performing construction work on the project should be required to carry automobile liability, commercial general liability (CGL) and workers compensation/ employers liability policies, as well as an excess liability policy providing coverage over the automobile and CGL policies’ limits. For those contractors and subcontractors performing...
    22 June 2015
  • Indian Cement Industry to Benefit from Cheaper Petcoke
    Lower crude oil prices have exerted a positive impact on the Indian cement industry, which has reported increased savings led by lower costs for energy and packaging polymer in Q1 2015 vs. Q4 2014. After the initial decline in fuel-grade petcoke, April brought about a mild price increase of around 1 percent, as Indian interest in imported petcoke...
    18 June 2015
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8