{"id":1415,"date":"2018-12-13T13:36:18","date_gmt":"2018-12-13T13:36:18","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=1415"},"modified":"2018-12-13T13:36:18","modified_gmt":"2018-12-13T13:36:18","slug":"firms-admit-price-fixing-of-concrete-drainage-products","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/firms-admit-price-fixing-of-concrete-drainage-products\/","title":{"rendered":"Firms admit price-fixing of concrete drainage products"},"content":{"rendered":"

Two materials firms have admitted breaking competition laws by taking part in a cartel.<\/p>\n

The Competition and Markets Authority discovered that price fixing meetings went on for seven years from 2006 in the pre-cast concrete drainage sector.<\/p>\n

Derbyshire-based Stanton Bonna Concrete Ltd and Somerset-based CPM Group Ltd have admitted breaking competition law by taking part in a cartel.<\/p>\n

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A third company is also under investigation and has not made any admissions.<\/p>\n

The products were used in large infrastructure projects across Great Britain, including water management, roads and railways.<\/p>\n

Typical customers include engineering and construction companies; utilities providers; and local and national government.<\/p>\n

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Michael Grenfell, Executive Director of Enforcement, said: \u201cCartels damage competition and lead to less choice, less innovation and increased prices for customers.<\/p>\n

\u201cWe\u2019ve provisionally found that these three firms secretly shared out the market and colluded on prices for construction products used in many building projects across Great Britain.<\/p>\n

\u201cThe CMA does not tolerate such practices and will use our enforcement tools to crack down on those it believes are taking part in illegal cartels.\u201d<\/p>\n

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Stanton Bonna and CPM have admitted to participating in the alleged cartel and have agreed to pay fines, which will be determined at the end of the CMA\u2019s overall investigation.<\/p>\n

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from Construction Enquirer https:\/\/ift.tt\/2SNAG07<\/p>\n","protected":false},"excerpt":{"rendered":"

Two materials firms have admitted breaking competition laws by taking part in a cartel. The Competition and Markets Authority discovered that price fixing meetings went on for seven years from 2006 in the pre-cast concrete drainage sector. Derbyshire-based Stanton Bonna Concrete Ltd and Somerset-based CPM Group Ltd have admitted breaking competition law by taking part […]<\/p>\n","protected":false},"author":1,"featured_media":148,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-1415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/1415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=1415"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/1415\/revisions"}],"predecessor-version":[{"id":1416,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/1415\/revisions\/1416"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/154"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=1415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=1415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=1415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}