FAS filed a case against one of the largest manufacturers of fittings
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The Federal Antimonopoly Service (FAS) opened a case against one of the largest manufacturers of fittings in Russia, Promsort LLC. In October 2023, the company increased prices for fittings by 25%.
“The price for the valves established by the Promsort group of companies (which includes Promsort LLC, Promsort-Tula LLC, Promsort-Kaluga LLC, NLMK-Ural JSC) exceeds the amount of expenses necessary for its production and sale and profits,” says the message on website FAS.
The FAS clarified that the service constantly monitors prices for building materials and “the monitoring showed an increase in prices for reinforcement from August to October by 25%.” The Ministry of Industry and Trade and the Ministry of Construction of Russia also reported a sharp increase in its cost to the service.
According to the Ministry of Industry and Trade, the Promsort company increased the average cost of fittings for October by 10 thousand rubles. – up to 59–60 thousand rubles. per ton. This, according to the ministry, led to “a chain reaction on the part of other valve manufacturing plants.”
If the company’s guilt is established, it, as the FAS adds, faces a turnover fine.
October 4 FAS excited case against the largest cement manufacturer in the Southern and North Caucasus districts, Gazmetallproekt. The service reported that the company has a dominant position in the cement production market and inflates prices for the goods produced.
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