Statement Holcim confirmes searches by the EU antitrust authority in Belgium, France, Germany and the UK

5 November 2008
 

On November 4, 2008, the EU antitrust authority has initiated an investigation of the cement sector. It has also searched offices of Holcim Group companies in Belgium, France, Germany and the UK. The Group companies fully cooperate with the authority.

 

In 2003, the Board of Directors and the Executive Committee of Holcim Ltd have decreed a Code of Conduct binding for all Group companies and its employees. The Code of Conduct provides for respect for principles and rules of fair competition prohibiting anti-competitive behavior and the abuse of a dominant market position. Non-compliance may be subject to disciplinary sanctions including termination of employment. To implement and embed these principles, Holcim has a dedicated and centrally coordinated training program. In addition, Group companies are regularly reviewed in this respect by independent attorneys.


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Holcim is one of the world's leading suppliers of cement and aggregates (crushed stone, gravel and sand) as well as further activities such as ready-mix concrete and asphalt including services. The Group holds majority and minority interests in more than 70 countries on all continents.
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