Cemex Fine Upheld by Mexican Agency in Mary Nour Case

Cemex SAB, the largest cement maker in the Americas, said Mexico’s antitrust agency upheld a fine of 10.2 million pesos ($729,000) against the company for blocking a 2004 cement shipment from Russia.

Cemex sees the fine as unfounded and will seek an injunction against it, said Jorge Perez, a company spokesman. The Monterrey, Mexico-based company appealed the fine after it was imposed in February by the nation’s Federal Competition Commission.

The blocked delivery occurred when a group of competitors tried to import 26,000 metric tons of cement on the ship Mary Nour. The vessel was held in port for months and turned away in 2005.

“We’re very happy that the Federal Competition Commission acted on the basis of the information it had in the file,” said Ricardo Camacho, one of three businesspeople who tried to import the cement on the Mary Nour. “We’ve been fighting this fight for many years.”

Luis Acevedo, a spokesman for the antitrust agency, declined to comment.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE