BRUSSELS Jan 29 European Union antitrust
regulators fined foam producers Carpenter, Recticel
and Eurofoam 114 million euros ($155.77 million) on Wednesday
for taking part in a cartel covering 10 European countries over
a five-year period.
World No. 1 foam producer Carpenter received the biggest
fine at 75 million euros.
In total Eurofoam, which is a joint venture between Belgian
company Recticel and Austria's Greiner Holding AG, is liable for
up to 14.82 million euros, Greiner for up to 24.18 million euros
and Recticel up to 39.07 million euros.
British company Vita escaped a 61.7 million euro fine
because it alerted the cartel to the European Commission.
The EU regulator said the cartel operated from October 2005
until July 2010 in Austria, Belgium, Estonia, France, Germany,
Hungary, the Netherlands, Poland, Romania and Britain.