mills fined for cartelisation

Oct 12, 2011Sugar industry seeks decontrol for growth; rules out cartelisation 8 Nov, 2012, 06.13PM IST. Seeking immediate decontrol, sugar industry bodies ISMA and NFCSF today said giving freedom to mills to sell sugar will help achieve higher growth of 15-20 per cent and bring investment into the sector. Meanwhile, an old cement industry problem that is not unfamiliar to AfriSam, cartelisation, has reared its ugly head again. After five Spanish producers were ordered to pay a combined Euro11.1m over an alleged cartel in northern Spain, authorities in Pakistan searched the offices of its national cement association, the APCMA, on Monday.

Pay for Delay Agreements: Antitrust Watch Intensifies

In Re: Cartelisation in Sale of Sugar Mills by the Uttar Pradesh State Sugar Corporation Limited (UPSSCL) and the Uttar Pradesh Rajya Chini Evam Ganna Vikas Nigam Limited (UPRCGVNL), Suo Moto Case No. 01 of 2013. 47 ibid. 48 Case No. 50 of 2015. 49

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India Glycols Limited v Indian Sugar Mills Association Ors. (Case Nos. 21, 29, 36, 47, 48 49 of 2013) The CCI passed an order against 18 sugar mills in the States of Uttar Pradesh, Gujarat, and Andhra Pradesh for colluding during the submission of bids for the supply of ethanol to Oil Manufacturing Companies (OMCs).

Meanwhile, an old cement industry problem that is not unfamiliar to AfriSam, cartelisation, has reared its ugly head again. After five Spanish producers were ordered to pay a combined Euro11.1m over an alleged cartel in northern Spain, authorities in Pakistan searched the offices of its national cement association, the APCMA, on Monday.

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2010/2/2Sugar traders slam mills for 'cartel' 26 Jul, 2010, 01.17 AM IST After cooperative sugar mills in 6 states decided to raise the base sale price by `200 per quintal, traders have come together to seek government intervention in stopping the 'cartelling and syndication' by

sugar cartel: Latest News Videos, Photos about sugar

Taking advantage of this monopoly, the jute mills unreasonably increased the price of jute bags from Rs53.50 per bag in April 2010 to Rs64.50 per bag in February 2011. It was alleged that this increase was possible only because of an agreement between the members of IJMA and GTA, who were conscious of the fact that they enjoyed a complete monopoly.

With regard to the other companies, the CCI said that as they were fined earlier, it was not imposing any penalty on them again for the same period of contravention. In June 2012 the CCI imposed a US$1.05bn fine on 11 leading cement makers, including ACC, Ambuja Cements, UltraTech, India Cements, Binani Cement, JK Cement, Madras Cement, Lafarge and Jaypee Cement.

Mere cartelisation risks jeopardising at least the fulfilment of objectives (vi) by removing incentives to increase productivity; and (vii) by raising prices. Mere cartelisation may also jeopardise the fulfilment of objectives (iii) and (iv) by preventing flexible adaptation to market developments.

In an order last August, CCI had slapped a penalty of over Rs 6,700 crore on 11 cement firms, including Binani Cement, for indulging in cartelisation. Binani Cement, which was fined Rs Rs 167.32 crore, had filed an appeal against CCI order before the tribunal.