The German Federal Cartel Office has announced that it is to launch an investigation of the country’s concrete products sector to look into price fixing allegations. The organisation has said that the investigation covers company operating in the precast concrete elements industry, specifically those involved in the manufacture of prefabricated garages, concrete pipes, paving stones and wall elements.
The competition authority has said it has initiated proceedings against 35 companies so far following a series of raids carried out last year. The price fixing and collaboration on sales is believed to date back to 2005.
