Building materials firm Low & Bonar was fined £8 million by the European Commission today for its part in a 16 company-strong cartel which colluded on prices for industrial bags.
The EC fined the cartel nearly £200 million. Low & Bonar and its subsidiary Bonar Technical Fabrics said in a statement that it will consider appealing against the fine.
The other companies involved in the cartel included Finland's UPM-Kymmene Oyj, Uk firm British Polythene Industries, Kendrion NV of the Netherlands and Denmark's FLSmidth & Co AS. BPI was given full immunity for blowing the whistle on the cartel.
ALso involved were Bernay Film Plastique; Bischof + Klein GmbH and Bischof + Klein France; Combipac BV; Cofira-Sac SA; Fardem Packaging BV; Koninklijke Verpakkingsindustrie Stempher CV and Stempher BV;
Nordenia International AG; Nordfolien GmbH; Plasticos Espanoles SA and Armando Alvarez SA; RKW AG Rheinische Kunststoffwerke and JM Gesellschaft fur industrielle Beteiligungen mbH & Co KGaA; Sachsa Verpackung GmbH and Groupe Gascogne; Trioplast Wittenheim SA and Trioplast Industrier AB and FLS Plast AS.
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