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Australia's CSR asked to justify 'extraordinary' construction-material price hike, court documents show

By Ryan Cropp ( July 15, 2024, 07:28 GMT | Insight) -- An antitrust lawsuit targeting Australian building-materials behemoth CSR Building Products will focus on two “extraordinary” price rises the company imposed on its customers in the midst of the Covid-19 pandemic, court filings reveal. In documents lodged in the Federal Court of Australia and seen by MLex, insulation distributor Consolidated Energy has sought access to company records relating to pricing and supply decisions made by senior CSR executives. The revelations come just a week after CSR was acquired by French building-materials conglomerate Compagnie de Saint-Gobain for almost $3 billion.An antitrust lawsuit targeting Australian building-materials behemoth CSR Building Products will focus on two “extraordinary” price rises the company imposed on its customers in the midst of the Covid-19 pandemic, court filings reveal....

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