Several associations representing the companies have urged Domestic Trade and Cost of Living Minister Datuk Seri Salahuddin Ayub to investigate the recent price hike in concrete and cement prices, which took place last month.
"We wish to extend our appeal to the ministry, in seeking a review on whether any party or parties may have breached the Competition Act, which prohibits anti-competitive agreements and the abuse of dominant position in the market, during this price hike exercise," they said in a joint statement here on Friday .
The groups added that following the last price hike of more than 15% in March this year, they strongly felt that the price hike of another 15% in November was too much for the entire construction industry to cushion and accept.