Guardian Industries Corp.: Response To European Commission Fine

Date: 4 December 2007
Source: GlassOnWeb
Guardian Industries Corp., headquartered in the American city of Auburn Hills, Michigan, was charged with price fixing in Europe's flat glass market by European regulators and fined, along with three other companies, almost 500 million euros.

In a follow-up story, GlassOnWeb.com has conducted a brief interview with Guardian Group Vice-President Peter Walters, who said that even though they were aware of the investigation, those at Guardian were shocked by its outcome upon learning of it through an EU press release.

“We don't believe the facts justify the outcome as it pertains to Guardian,” Walters continued. When asked if they intended to appeal to the European Commission, Walters responded that the company would decide whether to appeal following a review of the Commission's findings.

Guardian received the highest fine of 148 million euros, followed by Pilkington at 140 million euros, Saint-Gobain at 133.9 million euros, and Asahi's European subsidiary, formerly known as Glaverbel, at 65 million euros.

600450 Guardian Industries Corp.: Response To European Commission Fine glassonweb.com

See more news about:

Others also read

Donau City Tower 1
Designed by Dominique Perrault, Tower 1 of the Donau City (DC) Towers project is a prominent building across the Vienna skyline and is the highest skyscraper in Austria.
Glass Performance versus Aesthetics
Guardian Glass is exhibiting at glasstec - HALL 10 | STAND A24 (23-26 October 2018 - Düsseldorf, Germany).
Tour Incity
An iconic landmark on the Lyon skyline, the Incity tower is the tallest high-rise in the city and the third tallest in France.
Technical Challenges of Glass for Megatall Buildings
Guardian Glass is exhibiting at glasstec -- HALL 10 | STAND A24 (23-26 October 2018 - Düsseldorf, Germany)
Die Welle
Die Welle (German for ‘The Wave’) is an S-shaped building in the heart of Vienna.
Matmut Filature
La Filature is a modern, energy efficient office building facing the headquarters of the Matmut insurance headquarters in Rouen, France.

Add new comment