https://newsletter.en.creamermedia.com
Business|Packaging|Paper|Packaging|Products
Business|Packaging|Paper|Packaging|Products
business|packaging-company|paper|packaging|products

Corrugated packaging paper companies prosecuted for collusive conduct

15th April 2019

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

The Competition Commission has referred a case of alleged cartel conduct against packaging and paper companies Mpact and New Era Packaging to the Competition Tribunal for prosecution.

The two companies have been charged with fixing prices, dividing markets by allocating customers and tendering collusively in the market for the manufacture and supply of corrugated packaging paper products.

The referral follows an investigation initiated by the Competition Commissioner on May 16, 2016, against the companies.

The commission’s investigation found that from the 1980s to 2015, Mpact and New Era had an alleged agreement not to compete with each other for customers for the supply of packaging paper products. This was achieved by agreeing to allocate customers and ensuring that they did not bid in competition with each other in respect of the allocated customers.

The investigation also found that Mpact and New Era had allegedly rigged the bids they submitted to customers in order to prevent other market players from competing with them for the business of their allocated customers.

Competition Commissioner Tembinkosi Bonakele on Monday said cartel conduct affects most products, including the packaging of basic food stuff.

“It is largely the poor who bear the brunt of this manipulation of prices and division of markets,” he lamented.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

Klüber Lubrication
Klüber Lubrication

Klüber Lubrication ensures that the world’s essential systems—drive units, machines, and water flow—operate efficiently, sustainably, and reliably...

VISIT SHOWROOM 
Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.269 0.372s - 193pq - 2rq
Subscribe Now