Subscribe to glassBYTEs!

Price-Fixing Reports Continue


News reports across the world have been filled with updates and opinions on the price-fixing fines incurred by Nippon Sheet Glass, Asahi Glass, Guardian Industries and St. Gobain. Click on the links below for the latest.

European Commission Fine - Building Products Glass Sector
Nippon Sheet Glass Co., Ltd. ( "the Company" ) confirms that, as stated in the Commission's press release dated 28th November 2007, the European Commission has announced a Decision to levy a civil fine of Euro 140 million ( JPY 22.5 billion ) against Pilkington Group Limited ( "Pilkington" ), a subsidiary of the Company.

Asahi Glass, Nippon Sheet Glass Rise on Smaller Fine
Asahi Glass Co. and Nippon Sheet Glass Co. surged in Tokyo trading after Asia's two largest glassmakers were fined a smaller-than-forecast 205 million euros ($304 million) by the European Union for price-fixing.

St-Gobain Says EU Fine Won't Change Provision Level
French building materials group Saint-Gobain will not change its provision level after being fined by European regulators for price-fixing, a spokeswoman said on Wednesday.

Paris Shares Higher Lunchtime, But Volatility Continues
Share prices moved higher lunchtime after a volatile morning, as short-covering and bargain-hunting finally got the better of the continuing economic uncertainties.
Saint Gobain bucked the trend however, surging into positive territory late morning as the European Commission announced it had imposed a smaller than expected fine of 133.9 mln eur on the group following its probe into price fixing by flat glass manufacturers.

Need more info and analysis about the issues?
CLICK HERE to subscribe to AGRR magazine.