EEVblog Electronics Community Forum
General => General Technical Chat => Topic started by: nowlan on March 22, 2018, 09:30:35 am
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http://europa.eu/rapid/press-release_IP-18-2281_en.htm (http://europa.eu/rapid/press-release_IP-18-2281_en.htm)
Brussels, 21 March 2018
The European Commission has fined Elna, Hitachi Chemical, Holy Stone, Matsuo, NEC Tokin, Nichicon, Nippon Chemi-Con, Rubycon € 253 935 000. Together with the immunity applicant, Sanyo, they operated a cartel for the supply of aluminium and tantalum electrolytic capacitors between 1998 and 2012.
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One has to love this rationale, "Our decision again makes clear that we will not tolerate anti-competitive conduct that may affect European consumers, even if anticompetitive contacts take place outside Europe."
Presumably, anticompetitive contacts in China will be next on the EU's agenda to fine. Will than come before or after OPEC is fined and precluded from exporting petroleum to EU?
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So are they being charged ?.........and did they put up any resistance.
I wonder who leaked the information........
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Does this mean that those corporations are not allowed to sell capacitors in EU if they refuse to pay?
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Isn't the EU a cartel in its own right?
Definition:historical
a coalition or cooperative arrangement between political parties intended to promote a mutual interest.
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So are they being charged ?.........and did they put up any resistance.
I wonder who leaked the information........
:palm: There's always one.
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So are they being charged ?.........and did they put up any resistance.
I wonder who leaked the information........
:palm: There's always one.
I guess Sanyo told about the cartel and got immunity for it.
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254 million for them is loose change for friday beers at the pub :popcorn:
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So are they being charged ?.........and did they put up any resistance.
I wonder who leaked the information........
:palm: There's always one.
I guess Sanyo told about the cartel and got immunity for it.
As sanyo was acquired by Panasonic quiet a time ago, probably Panasonic decided to screw over it's competitors.
Sanyo Electric Co., Ltd. and its parent Panasonic Corporation received full immunity for revealing the existence of the cartel to the Commission, thereby avoiding an aggregate fine of ca. € 32 389 000.
The Commission's investigation started in spring 2014, following an immunity application under the Commission Leniency Notice submitted by Panasonic Corporation and its subsidiaries.
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The following is from the article linked above.
Under the Commission's 2006 Leniency Notice:- Sanyo Electric Co., Ltd. and its parent Panasonic Corporation received full immunity for revealing the existence of the cartel to the Commission, thereby avoiding an aggregate fine of ca. € 32 389 000.
- Hitachi Chemical, Rubycon, Elna and NEC Tokin benefited from reductions of their fines for cooperating with the Commission's investigation. The reductions reflect the timing of their cooperation and the extent to which the evidence each company provided helped the Commission to prove the existence of the cartel.
- Rubycon was the first to submit compelling evidence that allowed the Commission to extend the duration of the infringement from June 1998 to August 2003. As a result, this period is not taken into account when setting the fine for Rubycon.
The breakdown of the fines imposed on each company is as follows:
(http://ec.europa.eu/avservices/avs/files/video6/repository/prod/photo/store/7/P036647000102-624574.jpg)
So Panasonic definitely started the ball rolling and got a free pass in return. Then others started cooperating for leniency on the fines imposed.
^Definitely motivated by self-interest of course. ::) :horse:
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It said the cartel ran from 1998 to 2012, with meetings taking place mainly in Japan but the operation was on a global scale.
Idiots.
Should've skyped , played golf, gone hunting , sailing, or vacationed at a resort in the bahamas