Reach a monopoly agreement! Jiangsu Concrete Enterprises Punished

Recently, the Jiangsu Provincial Market Supervision and Administration has imposed administrative penalties on Jiangsu Huaxiang Concrete Co., Ltd. for its participation in the concrete price monopoly agreement, violating the relevant provisions of the Anti-monopoly Law, ordering it to stop its illegal activities and imposing a fine of 50000 yuan. On May 5,

2019, Suqian Commercial Concrete Industry Association took the lead in organizing member units to negotiate and formulate the Notice of Price Adjustment of Urban Concrete, requiring that from May 6, the price of C30 ordinary concrete in Suqian City be raised by 35 yuan per square meter, and that other grades of concrete be adjusted synchronously. Jiangsu Huaxiang Concrete, as a member enterprise, jointly signed and confirmed the price adjustment notice with the other 16 enterprises, and participated in the monopoly agreement to fix commodity prices. After investigation, the price adjustment agreement was not actually implemented. After investigation,

Jiangsu Provincial Market Regulatory Bureau found that 17 enterprises involved in the case had a direct competitive relationship in the ready-mixed concrete market in Suqian City, and participated in the price monopoly agreement, which objectively restricted the fair competition in the regional market. It violates the provisions of Article 13, paragraph 1 (1), of the Anti-monopoly Law before the amendment, which prohibits operators with competitive relations from fixing or changing commodity prices, and does not conform to the exemption provided by law. On September 15,

2025, the regulatory authorities served the notice of administrative penalty according to law, and the parties did not submit statements, defenses and applications for hearing within the legal time limit. According to the first paragraph of Article 46 of the Anti-monopoly Law before the amendment, the Jiangsu Provincial Market Regulatory Bureau made the above penalty decision. If a party refuses to accept the decision on punishment, he may apply for administrative reconsideration or Institute administrative litigation within the legal time limit.