Bundeskartellamt welcomes planned launch of cement trading platform
The Bundeskartellamt has examined plans for the launch of the digital cement trading platform ECEMENT (www.ecement.pro) in early 2018 and found the project to be unproblematic under competition law.
The platform is even expected to stimulate competition on the cement market. It will be operated by eBau.pro Handelsplattformen GmbH which is not attached to the cement industry.
The platform will be available to all suppliers and purchasers of cement. It can be used to select a supply plant and place an anonymous request for cement deliveries. Prices are determined in an electronic auction. The selected suppliers can monitor the starting price and the periodical price moves in the auction. Once a supplier has accepted the price, the transaction becomes binding and the anonymity is removed.