Tyre Manufacturers Amongst Parties Fined for Hose Cartel Participation: European Commission delivers penalties to five companies

摘要

On January 28 the European Commission handed out fines totalling 131.51 million euros to Bridgestone, Continental and Trel-leborg, plus two Italian companies, for their respective roles in the fixing of prices and rigging of bids for rubber marine hose. The Commission, to put it lightly, was not impressed with what had taken place - in a statement, EU competition commissioner Neelie Kroes said "for twenty years, this cartel added to the prices consumers paid for their oil deliveries. I will not tolerate illegal cartels and will continue to impose heavy fines on those companies found guilty of this kind of serious malpractice."