10 December 2010
HeidelbergCement confirms receipt of notice from European Commission
pursuant to its investigation launched in November 2008
HeidelbergCement has been informed by the European Commission about the decision to initiate formal proceedings in respect of possible anticompetitive practices in the markets of cement and related products in some countries of the European Economic Area. The Commission has indicated that HeidelbergCement, as well as seven other companies, will be included in these proceedings.
This proceeding is not new, but stems from an investigation launched by the European Commission in November 2008. No concrete allegations have been mentioned so far.
In its notification, the Commission stated that "The initiation of proceedings does not imply that the Commission has conclusive proof of the infringements but merely signifies that the Commission will deal with the case as a matter of priority."
HeidelbergCement cooperates with the European Commission and has transmitted information to the Commission on request. Own investigations together with external law firms did not confirm the suspected infringements. As such, HeidelbergCement assumes that the company can rebut the suspicions.
HeidelbergCement is the global market leader in aggregates and a prominent player in the fields of cement, concrete and other downstream activities, making it one of the world’s largest manufacturers of building materials. The company employs some 55,000 people at 2,500 locations in more than 40 countries.