Competition panel accuses Saint Gobain India for deliberate under-pricing

Date: 18 October 2011
NEW DELHI: India's competition watchdog has launched a full-fledged investigation against French glassmaker Saint Gobain after a preliminary review found that the company's Indian unit deliberately lowered prices of its products to drive out competition."We have substantial evidence that Saint Gobain Glass India (SGGIL) engaged in limit pricing to make entry into the float glass segment unprofitable for others," a senior official at the Competition Commission of India said.

Limit pricing, a monopolist practice in which an incumbent firm deliberately cuts the price of its products to discourage other potential entrants, is considered anti-competitive in India and could attract penal action under antitrust laws. But Chennai-based Saint Gobain Glass said the charge was baseless.

600450 Competition panel accuses Saint Gobain India for deliberate under-pricing
Date: 18 October 2011

See more news about:

Others also read

Proprietary laminate windows collect, store energy; convert it to electricityRIVIERA BEACH, FL – An innovative new patented technology transforms office building windows into "solar farms" and allows these structures to reuse collected energy and become self-sufficient in the event of a power outage.
DALLAS, Texas, December 22, 2011 /PRNewswire/ --ReportsnReports adds new market research report 'Solar Photovoltaic (PV) Power - Global Market Size, Installation Prices, Module Market Shares, Market Segmentation, Regulations and Key Country Analysis to 2020' to its store.
The University of Minnesota's historic Folwell Hall completed three years of extensive renovation, just time for the 2011 academic year.
Michael Gai has been named Vice President of Operations at Glass Doctor, following the recent promotion of Mark Liston to President.
We sincerely thank all our members, friends and visitors for being part of GlassOnWeb and its success during 2011.
COLUMBUS, Ohio – Dec. 19, 2011 – Safelite AutoGlass®, the nation’s largest provider of vehicle glass repair and replacement services with a fleet of 6,000, announced it will transition to Ford®.

Add new comment