The Limited Times

Now you can see non-English news...

EU suspects price cartel giants

2021-10-12T15:09:30.282Z

Two Finnish paper makers, Stora Enso and UPM, have confirmed that they are subject to inspections by the EU's antitrust services.



EU investigators on Tuesday carried out inspections at some of Europe's largest suppliers of wood pulp, a key ingredient in papermaking, amid suspicion of a price cartel.

Finnish paper makers Stora Enso and UPM, industry giants, have confirmed they are subject to inspections by the EU's antitrust services.

The two groups ensure that they cooperate fully with European regulators.

Read alsoThe press worried about the specter of a paper shortage at the start of the school year

"

The Commission is concerned that the companies inspected have violated EU rules on cartels and abuse of dominance which prohibit cartels and restrictive business practices

," she said in a statement Tuesday.

Wood pulp is a fibrous and dry material obtained from wood and intended for the manufacture of various paper products (paper for hygienic and household use, writing paper, cardboard, etc.)

Unannounced inspections are a preliminary step in an investigation of possible anti-competitive practices and often start as a whistleblower.

The EU never discloses the names of the groups it inspects and therefore did not specify which companies were concerned, or in which member states.

Source: lefigaro

All business articles on 2021-10-12

You may like

Business 2021-10-12T15:09:30.282Z
News/Politics 2021-06-26T13:53:35.438Z
News/Politics 2021-07-08T15:59:10.820Z

Trends 24h

Latest

© Communities 2019 - Privacy