On November 9, the State Administration for Market Regulation issued the "Administrative Penalty Decision on the Case of 21 Concrete Production Enterprises in Hangzhou Reaching and Implementing a Monopoly Agreement." The 21 concrete production enterprises were fined nearly 160 million yuan.

In November 2021, the Zhejiang Provincial Administration for Market Regulation opened an investigation into 21 concrete production enterprises in Hangzhou for reaching and implementing a monopoly agreement. On July 27, 2023, the Zhejiang Provincial Administration for Market Regulation issued an administrative penalty decision against the parties involved. It is hereby announced. Attachment (click to read the full text and download the original document): Administrative Penalty Decision of the Zhejiang Provincial Administration for Market Regulation (Zhejiang Market Regulation Penalty [2023] Nos. 1001-1021)

November 9, 2023

21 Concrete Enterprises Reached and Implemented a Monopoly Agreement

The parties and 21 other commercial concrete production enterprises reached and implemented a monopoly agreement to fix commodity prices, divide the sales market, and restrict the quantity of commodity production and sales.

The penalty decision is as follows:

01

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1001

Party: Hangzhou Zhenteng Industrial Co., Ltd.

Penalty: Fine of 16,710,942.41 yuan

02

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1002

Party: Hangzhou Huajie Commercial Concrete Co., Ltd.

Penalty: Fine of 7,877,623.83 yuan

03

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1003

Party: Hangzhou Pengcheng Concrete Co., Ltd.

Penalty: Fine of 13,665,214.88 yuan

04

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1004

Party: Hangzhou Qunqi Building Materials Co., Ltd.

Penalty: Fine of 27,547,595.52 yuan

05

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1005

Party: Zhejiang Gucheng Concrete Co., Ltd.

Penalty: Fine of 4,154,965.57 yuan

06

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1006

Party: Zhejiang Xiaoshan Jianhong Commercial Concrete Co., Ltd.

Penalty: Fine of 9,140,020.94 yuan

07

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1007

Party: Hangzhou Jianfeng Commercial Concrete Co., Ltd.

Penalty: Fine of 4,290,824.70 yuan

08

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1008

Party: Hangzhou Zhenhong Commercial Concrete Co., Ltd.;

Penalty: Fine of 3,629,510.44 yuan

09

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1009

Party: Hangzhou Gaoxiang Concrete Co., Ltd.

Penalty: Fine of 13,762,226.44 yuan

10

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1010

Party: Hangzhou Chaohong Building Materials Co., Ltd.

Penalty: Fine of 7,801,917.76 yuan

11

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1011

Party: Hangzhou Jinteng Commercial Concrete Co., Ltd.

Penalty: Fine of 22,027,261.25 yuan

12

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1012

Party: Hangzhou Jiantayinyuan Concrete Co., Ltd.

Penalty: Fine of 3,059,963.12 yuan

13

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1013

Party: Hangzhou Qiancheng Concrete Co., Ltd.

Penalty: Fine of 5,061,581.64 yuan

14

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1014

Party: Hangzhou Zhuoxin Building Materials Co., Ltd.

Penalty: Fine of 3,243,524.80 yuan

15

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1015

Party: Hangzhou Qianlong Industrial Co., Ltd.;

Penalty: Fine of 4,168,891.38 yuan

16

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1016

Party: Hangzhou Longxing Huangjiahe Concrete Co., Ltd.;

Penalty: Fine of 5,084,300.76 yuan

17

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1017

Party: Hangzhou Jinqiao Concrete Co., Ltd.

Penalty: Fine of 1,054,110.21 yuan

18

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1018

Party: Hangzhou Youshi Concrete Co., Ltd.

Penalty: Fine of 2,934,406.12 yuan

19

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1009

Party: Hangzhou Chenze Concrete Co., Ltd.

Penalty: Fine of 3,725,766.13 yuan

20

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1020

Party: Hangzhou Hongjun Commercial Concrete Co., Ltd.

Penalty: Fine of 1,103,377.65 yuan

21

Document No.: Zhejiang Market Regulation Penalty [2023] No. 1021

Party: Hangzhou Zhengfang Commercial Concrete Mixing Plant

Penalty: Fine of 4,039,775.47 yuan