The Superintendent of Industry and Commerce, Pablo Felipe Robledo, revealed last week that the agency under his command has discovered a new cartel, adding to a growing list that includes diapers, private security, toilet paper, meat and notebooks, among others discovered in recent years. This time, the suspected uncompetitive behaviour has been identified in the concrete tube industry.
The companies involved include American Pipe, Manufacturas de Cemento (Titan) and Tubox. Likewise, SIC issued charges against seven senior executives and former executives of the above-mentioned companies for having collaborated, facilitated, authorized and implemented price-fixing measures.
According to the regulator, between 2004 and 2014, during which time these anticompetitive behaviors would have been committed, the three companies sold about 250 billion pesos ($87 million US).
Full Content: El Tiempo
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Subscribers Defend $4.7 Billion Antitrust Verdict Against NFL in Court Filings
Jul 19, 2024 by
CPI
Von der Leyen Calls for Competition Policy to Boost EU Companies’ Growth
Jul 19, 2024 by
CPI
Vermont AG Sues Pharmacy Benefit Managers Over Drug Prices
Jul 18, 2024 by
CPI
Australians Face Increased Stamp Prices Following ACCC Approval
Jul 18, 2024 by
CPI
Live Nation Seeks Dismissal of DOJ Antitrust Allegations
Jul 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Private Equity Roll-Up Schemes
Jun 28, 2024 by
CPI
The FTC’s Focus on Private Equity is Warranted
Jun 28, 2024 by
CPI
Unraveling the Roll-Up: Private Equity’s Misunderstood Investment Strategy
Jun 28, 2024 by
CPI
Antitrust Focus on Private Equity Funds and Serial Acquisitions
Jun 28, 2024 by
CPI
Private Equity Roll-Ups Amidst Heightened Antitrust Enforcement
Jun 28, 2024 by
CPI