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Competition Tribunal fines members of decades-long plastic pipe cartel

By  |  July 4, 2012

The South African Competition Tribunal has ruled that plastic pipe manufacturers and supply companies agreed to fix prices and rig bids and allocate markets. The cartel ended in 2007, and started at least as early as 1969.

MacNeil Agencies, Amitech South Africa, Andrag, and Petzetakis Africa were fined for their roles in the cartel. Petzetakis’s penalty was reduced by 80 percent because its managing director gave testimony about the cartel. DPI Plastics received full immunity for corporate leniency.

Full content: fin24

 

Related content: Amendments to the South African Competition Act

 

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