A PYMNTS Company

New Zealand/Australia: NZ slaps $2.8M fine on neighbor’s cardboard cartel

By  |  August 23, 2013

New Zealand’s competition regulators announced Thursday the issuance of a $2.8 million fine on Australian packaging company Visy for forming a cartel fixing the price of its cardboard products. Visy has reportedly agreed to pay the fine and admitted to its participation in the cartel along with competitor Amcor. The admissions were part of a pre-trial agreement, according to the New Zealand Commerce Commission. The watchdog’s chairman applauded the case’s outcome, releasing a statement promoting the importance of preventing price-fixing.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: China Post

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.