Decision of the General Court of the European Union regarding the fine imposed by the European Commission in the case concerning the automotive glass industry in Europe

Saint-Gobain has just learned of the decision of the General Court of the European Union to reduce from 880 million euros to 715 million euros the fine imposed by the European Commission in the case concerning the automotive glass industry in Europe for acts dating back to the late 1990s and early 2000s.   The initial amount of the penalty, and the interest relating thereto, is fully provisioned in the Group’s accounts.Saint-Gobain will examine the terms of the General Court’s judgment to decide on the action it intends to take on this issue.Saint-Gobain recalls that respect for the rules on antitrust law is an obligation that applies to all Group employees.

The principle of "zero tolerance" is regularly reiterated by General Management and remains an absolute requirement.

More about Saint-Gobain

Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes building and high-performance materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2013 sales of €42.0 billion, Saint-Gobain operates in 64 countries and has nearly 190,000 employees. For more information about Saint-Gobain, please visit www.saint-gobain.com.

600450 Decision of the General Court of the European Union regarding the fine imposed by the European Commission in the case concerning the automotive glass industry in Europe glassonweb.com

See more news about:

Others also read

Sika, the Burkard family and Saint-Gobain have signed agreements which terminate and resolve their dispute to the common benefit of all parties involved and that of their respective shareholders and stakeholders.
Saint-Gobain Acquires Italian Company Logli Massimo
Saint-Gobain strengthens its glass solutions portfolio.
Mr. Pierre-André de Chalendar
Compagnie de Saint-Gobain’s Board of Directors decides to propose the renewal of the Director’s term of office of Mr. Pierre-André de Chalendar and to co-opt Ms. Dominique Leroy, CEO of Proximus, as an independent Director.
Wicona provides innovative structural glazing solutions to One Bedford Avenue
WICONA, the specialist manufacturer of glazing and glass curtain walling, has worked with specialist contractor GLASSOLUTIONS to deliver the glazing and facades package for One Bedford Avenue, a flagship mixed use development in Central London.
Windows, Doors & Facades 2017: A continuing success story
The fair in Dubai is the central meeting place for worldwide manufacturers and distributors of window, door and facade products.
Providing a clear and safer vision: A new glass solution for LNG Carriers
Vetrotech Saint-Gobain, introduces THERMOVIT© PRO A0, an electrically heated glass solution with A0 fire-resistance in line with IGC International Code for Liquefied Natural Gas (LNG) Carriers.

Add new comment