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January 20, 2021

HS Timber, Egger and Kronospan fined for organizing a wood cartel in Romania

HS Timber, Egger and Kronospan fined for organizing a wood cartel in Romania
The Austrian companies HS Timber Production (formerly Holzindustrie Schweighofer), Kronospan and Egger, all with activities on the Romanian wood market, were fined, along with other companies, for forming a cartel.    The highest sanctions target the local subsidiaries of Austrian groups Holzindustrie Schweighoffer (HS) - RON 51.7 mln (EUR 10.6 mln), Kronospan - RON 46.4 mln (EUR 9.5 mln), and Egger - RON 22.6 mln (EUR 4.64 mln). These three groups are also the biggest players in the local timber industry, which explains the high level of the fines against them, as competition fines ...

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