Argentina's cement companies appeal ruling

Argentinian cement producers Loma Negra and its subsidiary Cementos San Martín (both part of Brazil's Camargo Correa group) announced that they will be appealing collusion-related fines from 2005. The cement companies were fined 138,7 million pesos ($41 million) and 28,5 million pesos ($8,5 million), respectively, by the competition authorities for colluding with other cement producers in Argentina.