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News Displaying items by tag: Cartel

Insulation industry news from Global Insulation

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Court upholds Finnish EPS cartel ruling

17 November 2022

Finland: The highest court in Finland has confirmed the finding of a serious infringement of antitrust laws by expanded polystyrene (EPS) insulation materials producers at appeal. Mondaq Business Briefing News has reported that two materials producers must now pay a fine of Euro3.2m. A third producer, which provided information to the Finnish Competition and Consumer Authority, received immunity for its involvement. The trio colluded on product pricing between November 2012 and mid-2014.

Published in Global Insulation News
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German cartel office probes insulation materials industry

05 November 2014

Germany: The German cartel office has started a probe into the country's producers of insulating materials due to suspicions of possible prohibited price agreements. A spokesman of the cartel office in Bonn, North Rhine-Westphalia revealed that there had already been a large-scale raid with the support of the police in mid-March 2014. The investigators are trying to find out whether the companies held illegal talks concerning prices and sales regions for hard-resistance foam, which is used for insulation in new buildings. 

Published in Global Insulation News
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