( 3 minutes read)
· Top three cement companies in Zambia, which were ordered to cut cement prices ranging between US$4.5 to US$5 per 50kg bag have all defied the order, according to some reports
· Lafarge Zambia, a cement producer belonging to the global chain of Lafarge has initiated a legal case against the decision and appealed to the Competition and Consumer Protection Commission (CCPC)’s decision alleging that the decision was against the Competition and Consumer Protection Act.
· The company has denied cartelization in price-fixing. It has denied collusion among producers while fixing up the prices
Top three cement companies in Zambia, which were ordered to cut cement prices ranging between US$4.5 to US$5 per 50kg bag have all defied the order, according to some reports.
All the three cement producers who had been ordered to cut prices, reports indicate that none of them complied with the order to cut prices. Lafarge Zambia, a cement producer belonging to the global chain of Lafarge has initiated a legal case against the decision and
appealed to the Competition and Consumer Protection Commission (CCPC)’s decision alleging that the decision was against the Competition and Consumer Protection Act.
The company has denied cartelization in price-fixing. It has denied collusion among producers while fixing up the prices. In its appeal filed before the Competition and Consumer Protection Tribunal, the company has emphasized that it has cooperated with the CCPC throughout its investigation into the cement industry.
The company substantiated its stand by providing numerous detailed submissions, documents and testimonies to demonstrate the lawful nature of its operations in the market. Defending its stand, the company said that the prices have therefore not been reduced pending the tribunal process.
Dangote Cement has also confirmed that the company has maintained its cement prices b and did not conform to the order. They have also taken the legal route to hold prices.
