German Watchdog Fines Porcelain Makers $1.2M For Cartel

Law360, New York (October 18, 2013, 4:21 PM EDT) -- Germany's antitrust watchdog fined two porcelain makers and an industry group nearly €900,000 ($1.2 million) on Thursday for conspiring to hike the prices for household ceramic products, saying that the limited fines stemmed from the companies' financial difficulties.

The German Federal Cartel Office penalized Porzellanfabrik Christian Seltmann GmbH, KAHLA/Thuringen Porzellan GmbH, ceramic industry group Verband der Keramischen Industrie eV and two individuals for their roles in a porcelain cartel.

The agency found that the companies had agreed with one another to raise their prices in October...
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