The European Commission fines a cartel in the industrial copper tube producers

"Commission adopts a cartel decision imposing fines on industrial copper tube producers"* In the fifth decision against had core cartels adopted in 2003, the Commission imposed fines totalling EUR 79 million on the major European copper tubes producers, including Outokumpu, KME-group and Wieland Werke, for operating a cartel in the market for industrial copper tubes. In a decision adopted on 16 December 2003, the Commission found that the leading European copper tubes producers, KM Europa Metal AG (together with its wholly-owned subsidiaries Europa Metalli SpA and Tréfimétaux SA), Wieland Werke AG and Outokumpu Oyj (together with its wholly-owned subsidiary Outokumpu Copper Products Oy), had breached cartel rules by colluding to fix prices and allocate market shares in the EEA market

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  • DG COMP (Brussels)

Quotation

Erja Askola, The European Commission fines a cartel in the industrial copper tube producers, 16 December 2003, e-Competitions December 2003, Art. N° 36901

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