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ARTICLE · 16 DECEMBER 2011

CRT Glass Cartel - Settlement

Dundas & Wilson
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On 19 October, the Commission announced that it had imposed fines of €128.7 million on three producers of special glass used to make cathode ray tubes (CRT).

European UnionAntitrust/Competition Law
Peter Willis
Peter Willis

On 19 October, the Commission announced that it had imposed fines of €128.7 million on three producers of special glass used to make cathode ray tubes (CRT). The glass is used in traditional televisions and computer screens. The Commission found that Asahi Glass, Nippon Electric, Schott AG and Samsung Corning Precision Materials (the immunity applicant) had all participated in the EEAwide cartel from 23 February 1999 to 27 December 2004. The cartel operated to co-ordinate prices by virtue of bilateral or trilateral meetings. Furthermore, the companies exchanged confidential and sensitive market information on an ad hoc basis. The decision was achieved as a result of the settlement procedure: the companies acknowledge the infringement and in return receive a 10% reduction in the fine.

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