The EU Commission fines five companies in carbon and graphite products cartel

"Commission fines five companies in carbon and graphite products cartel"* On 3 December 2003, the Commission imposed fines ranging from 1 million to 43 million on five producers of electrical and mechanical carbon and graphite products for participating between 1988 and the end of 1999 in a cartel covering the entire European Economic Area. The total of fines imposed was 101 million. The cartel practised price-fixing and market sharing. It also undertook co-ordinated actions against competitors. A sixth company received immunity from fines for having been the first to denounce the cartel to the Commission. Four of the five fined companies obtained reductions of fines ranging from 40% to 20% for co-operating with the Commission after having received a request for information. Summary

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Bertus Van Barlingen, The EU Commission fines five companies in carbon and graphite products cartel, 3 December 2003, e-Competitions Bulletin December 2003, Art. N° 36900

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