Cartel
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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 are usually a percentage of the turnover. The list of those sanctioned also includes another 24 companies, which each have amounts under 1 million lei (EUR 205,000). Rise Project claims that these companies cartelized tenders and divided their spheres of influence, lots of wood or sources of... Continue reading
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January 20, 2021
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 are usually a percentage of the turnover. The list of those sanctioned also includes another 24 companies, which each have amounts under 1 million lei (EUR 205,000). Rise Project claims that these companies cartelized tenders and divided their spheres of influence, lots of wood or sources of... Continue reading
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January 20, 2021
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 are usually a percentage of the turnover. The list of those sanctioned also includes another 24 companies, which each have amounts under 1 million lei (EUR 205,000). Rise Project claims that these companies cartelized tenders and divided their spheres of influence, lots of wood or sources of... Continue reading