https://newsletter.en.creamermedia.com

Tribunal confirms consent agreement with gear pump supplier

28th July 2017

By: Creamer Media Reporter

     

Font size: - +

JOHANNESBURG (miningweekly.com) – The Competition Tribunal this week approved a consent agreement with Fermel for colluding and dividing up markets for branded gear pumps.

The Competition Commission followed up a February complaint outlining that Fermel and another company had entered into an agreement to divide markets by allocating customers with regard to the supply of Cassapa branded gear pumps from 1993 to 2013.

The commission said Fermel customers in the market for post warranty repair and maintenance services who wanted that particular brand of gear pump did not have the opportunity to buy it from the other company, owing to an agreement between the two companies.

“Fermel has admitted to contravening the Competition Act and will pay an administrative penalty of R104 010, as well as providing the tribunal with a copy of the competition law compliance programme within 60 days of confirmation of the consent agreement,” the tribunal said in a statement.

The matter was heard on July 11, but was delayed while the settlement was amended in respect of the compliance programme. The amendment has since been received and considered by the tribunal.

Edited by Creamer Media Reporter

Comments

Showroom

SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (08/11/2024)
8th November 2024 By: Martin Creamer
Magazine round up | 08 November 2024
Magazine round up | 08 November 2024
8th November 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:0.074 0.17s - 189pq - 2rq
Subscribe Now