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Hungary’s Gazdasagi Versenyhivatal searched the offices of plastic pipe manufacturers

January 20/2012

(PlastEurope) -- Suspecting price fixing, Hungary’s competition authority Gazdasagi Versenyhivatal  has searched the offices of several plastic pipe manufacturers.

Hungary’s Gazdasagi Versenyhivatal searched the offices of plastic pipe manufacturers On 16 December 2011, the authorities showed up unannounced at the Hungarian subsidiaries of Wavin (Zwolle/The Netherlands) and Pipelife (Wiener Neudorf/Austria) as well as the premises of local producer BTH Fitting (Vadna/Hungary). The latter had recently been acquired by Tessenderlo (Brussels/Belgium) as part of the Belgium company’s takeover of BT Bautechnik.


The authorities are investigating whether the pipe producers engaged in price fixing in 2006, when and by how much they lifted prices and whether they divvied up regional markets among themselves in an effort not to compete with each other. GVH said the inquiry should be completed within the next six months, but cautioned that if the matter turns out to be more complex, the investigation could be extended by another six months.


mrcplast.com

Author:Marina Ivanova
Tags:No
Category:General News
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