EU Notifies Car Glass Makers Of Cartel Suspicions

Reuters reported that the European Commission said on Monday it had notified a group of makers of glass used in the car industry that it believed they took part in a cartel.

The Commission, the European Union's regulatory arm, did not immediately identify the auto glass makers involved. However, Japan's Nippon Sheet Glass said its British unit Pilkington had received a charge sheet from the Commission.

Japanese rival Asahi Glass (5201.T: Quote, NEWS , Research) also confirmed it had received a statement of objections.

"The European Commission can confirm that it has recently sent a statement of objections to a number of undertakings regarding their alleged role in a cartel for car glass," the Commission said.

"The statement of objections alleges that the undertakings concerned may have allocated customers and agreed on supply quotas and prices for most of the motor vehicle manufacturers in Europe," it said.

600450 EU Notifies Car Glass Makers Of Cartel Suspicions

See more news about:

Others also read

Delphi Glass, the premier source for all glass craft needs, offers a more convenient way to fuse glass and create custom jewelry -- the microwave kiln.
Extremely fine glass powder from SCHOTT provides greater stability and density to high-quality composite dental fillings.
Inside Sales is  pleased to welcome Shannon Forthuber as the  newest team member at Morse Industries, a provider  of top-of-the-line aluminum, stainless steel, plastic  and custom parts and extrusions for the marine,  architectural, and fixture industries as well as other  industrial manufacturers.
The company will be eligible for a loan forgiveness credit of $500,000 provided that it creates and retains 90 jobs by the third anniversary year of the assistance agreement.
The Kootenai County solid waste director in northern Idaho says the county will no longer accept recycled glass when the new year starts.
HyRadix® Inc., a leading provider of on-site hydrogen generation systems and supply solutions, has entered into an agreement with Praxair India, a subsidiary of US based Fortune 300 company, Praxair, Inc., for the supply of the HyRadix Aptus® on-site hydrogen generator for industrial hydrogen applications within India.

Add new comment