Wednesday, June 28, 2006

Cement in the news

Hmmmm, there may be trouble in Texas. A state legislator has asked the Texas attorney general to investigate alleged "predatory" price undercutting in the El Paso concrete market by Mexico-based Cemex, in an alleged attempt to force competitors out of this market. A Cemex official has of course called the allegations "baseless" and "meritless." Predatory price undercutting and dumping doesn't happen in the cement market, does it? Your comment?