CRT glass producers fined 128 Eur million

Date: 31 October 2011
Source: http://evertiq.com
The European Commission has settled a cartel investigation with four producers of cathode ray tubes glass used in televisions and computer screens.

Japanese firms Asahi Glass and Nippon Electric and Germany's Schott AG were fined a total of € 128 736 000 for operating a cartel that affected consumers in Europe.

The cartel breached Article 101 of the Treaty on the Functioning of the EU and Article 53 of the EEA agreement. The fine on all three companies includes a reduction of 10% for acknowledging their participation in the cartel, thereby helping the Commission to conclude the case more rapidly. Samsung Corning Precision Materials of Korea was granted full immunity for being the first to give information about the cartel.

Read more: evertiq.com/news/20624

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