Cement cartel case settled with consent order from Philippine regulator
( June 3, 2026, 06:41 GMT | Official Statement) -- MLex Summary: The Philippine Competition Commission has resolved its long-running investigation into the Cement Manufacturers Association of the Philippines and major cement producers Cemex, Holcim, Republic Cement and Taiheiyo through a consent order. The companies applied for a settlement while the probe into possible anticompetitive conduct was ongoing. The PCC said the parties' revised commitments addressed competition concerns identified during the investigation. The commitments were incorporated into the commission's decision, with any breach potentially resulting in fines, additional sanctions or the reopening of the case....
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