Most popular Asahi, Saint Gobain and others were p
2022-09-21- Detail
Suniko, Saint Gobain and others were fined for "monopolizing" the European automotive glass market
on November 12, the European Commission issued a fine of up to 1.3 billion euros (1.66 billion dollars) for the price "cartel" behavior of four automotive glass manufacturers, which is the highest fine issued by the European anti monopoly Commission since its establishment
according to the European antitrust Commission, the four companies punished this time are Asahi, Pilkington, Saint Gobain and soliver. In 2003, the market value of European automotive glass reached 2billion euros (2.5 billion dollars), and the melting temperature can be reduced by 20 degrees, and the above four companies account for the last 90% of the total market share
Nelly kless, member of the European Competition Commission, said that these four companies have manipulated the market price of European automotive glass for more than five years. The European Union imposed such a high fine on them in order to enable European industry to "learn a lesson from it"according to a statement issued by the European Commission in 2007, the European Commission has been investigating some auto glass manufacturers in Germany, France, Britain, Italy and Belgium since the beginning of 2005. The organization has sent inquiry letters to a number of manufacturers of raw material testing machines, accusing them of forming a "cartel" to manipulate the market price of automotive glass, thereby violating the EU's anti-monopoly regulations
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