Capacitor makers lose challenge with € 216m cartel fines

By Silvia Martelli (September 29, 2021, 10:35 p.m. BST) – Five Japanese electronics manufacturers lost a lawsuit on Wednesday against a € 216 million ($ 251 million) fine from the European Commission for setting up a cartel antitrust for electrolytic capacitors.

The General Court of the European Union rejected offers by NEC, Nichicon, Tokin, Rubycon and Nippon Chemi-Con to reduce or cancel the fines imposed by the competition authority in 2018 for fixing prices.

“The General Court rejects all the arguments put forward by the companies and maintains the fines imposed by the Commission”, said the court.

In March 2018, the commission fined eight Japanese capacity manufacturers for pricing the supply of components used …

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