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Chile: Closes Kimberly-Clark collusion case without sanctions

 |  January 2, 2017

Kimberly-Clark was separately embroiled in controversy in Venezuela, where the government accused it of refusing to produce despite having raw materials.

Chile’s national competition regulator closed Friday a case looking into suspected price control collusion between US consumer goods manufacturer Kimberly-Clark Corporation and a Chilean competitor, without handing down sanctions to the companies involved.

Kimberly-Clark and local producer CMPC were under investigation in the face of accusations that they colluded to fix prices for diapers in Chilebetween 2002 and 2009.

Chile’s National Economic Prosecutor, known by its Spanish acronym FNE, announced in a statement released Thursday that the investigation, launched in November 2015, concluded finding that there was not sufficient evidence to bring a competition case before a court.

The FNE claimed that the conclusion of the investigation “implies the end of the issue of diapers in light of free competition.”

Full Content: TeleSur

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