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US: DoJ says Hitachi Chemical to plead guilty of price-fixing

By  |  April 28, 2016

Hitachi Chemical has agreed to plead guilty to conspiring to fix the prices of electrolytic capacitors used in a broad range of electronic products and automobiles, the Justice Department said on Wednesday.

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    Hitachi Chemical will plead guilty to one felony count of fixing prices of the devices between 2002 and 2010, the department said.

    In January, Japan’s NEC Tokin Corp settled charges that it also conspired to fix the prices of the electrolytic capacitors.

    The capacitors, or condensers, are used in car engines and airbags as well as a broad range of consumer electronics such as computers and televisions.

    Attempts to reach Hitachi Chemical for comment were not immediately successful.

    Full Content: Reuters

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