NSG's Pilkington loses challenge to 357 mln euro EU cartel fine

Glass producer Pilkington, a unit of Japan's Nippon Sheet Glass Co (NSG), lost its challenge on Wednesday to a 357 million euro ($445 million) cartel fine after a top EU court said regulators had come up with the correct sanction.

Pilkington, Saint-Gobain and two other companies were hit with a 1.35 billion euro fine by the European Commission in 2008 for fixing prices and sharing markets over a five-year period starting from 1998.Read more: http://www.dailymail.co.uk/wires/reuters/article-2877510/NSGs-Pilkington-loses-challenge-357-mln-euro-EU-cartel-fine.html#ixzz3McaINPFj Follow us: @MailOnline on Twitter | DailyMail on FacebookGlass producer Pilkington, a unit of Japan's Nippon Sheet Glass Co (NSG), lost its challenge on Wednesday to a 357 million euro ($445 million) cartel fine after a top EU court said regulators had come up with the correct sanction.    

Pilkington, Saint-Gobain and two other companies were hit with a 1.35 billion euro fine by the European Commission in 2008 for fixing prices and sharing markets over a five-year period starting from 1998.

Read more: http://www.dailymail.co.uk/wires/reuters/article-2877510/NSGs-Pilkington-loses-challenge-357-mln-euro-EU-cartel-fine.html#ixzz3McaINPFj

Follow us: @MailOnline on Twitter | DailyMail on Facebook

600450 NSG's Pilkington loses challenge to 357 mln euro EU cartel fine glassonweb.com

See more news about:

Others also read

For homeowners considering renovating or redecorating their homes, it is becoming increasingly important to consider that their home is not only cosy and comfortable but also eco-friendly.
Tecnoglass to Purchase Minority Stake in Saint-Gobain’s Existing Colombia-Based Float Glass Operation.
Manufacturing glass 365 days a year, up to 810 tonnes daily, in ten years a 3.5-meter wide glass sheet approx. 75,000 kilometers long – enough to go around the Earth twice.
Pilkington OptiView™ Protect OW is a special anti-reflective glass that enhances the appearance of the products on display.
Nippon Sheet Glass Foundation for Materials and Engineering (NSG Foundation) will host its 36th research presentation entitled “New Trends in Materials Research” on January 28.
The hotel features glass elements extensively, inside and out, and the designer of the re-model chose to use two Pilkington products extensively in the project – Pilkington Optiwhite™ and Pilkington Mirropane™ Chrome Plus toughenable mirror.

From industry

Add new comment