Mexico’s antitrust agency on Thursday, May 3, announced in a statement that it is investigating possible monopoly practices in the market for cellulose-based personal hygiene products, such as diapers and toilet paper, reported Reuters.
The Federal Commission for Economic Competition, (Cofece), posted a notice in the government’s daily gazette that it had discovered evidence of possible price fixing and collusion in the market for such goods.
Shares in Kimberly-Clark de Mexico sank to nearly a three-year low on Thursday after the country’s antitrust agency said it was investigating price fixing in the market for cellulose-based personal hygiene products, such as diapers and toilet paper.
Cofece did not provide details on the investigation or name any companies. But Kimberly-Clark de Mexico is the leader in the market of personal hygiene products in Mexico, according to the company’s website.
Full Content: Reuters
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