Kuraray, Others to Face Antitrust Fines

Politics

Tokyo, Aug. 7 (Jiji Press)--Japan's Fair Trade Commission plans to fine chemical maker Kuraray Co. <3405> and at least 10 other companies a total of some 400 million yen for repeatedly rigging bids for contracts to supply activated carbon for use at water purification plants, informed sources said Wednesday.

The FTC is also set to order them to take measures to prevent similar wrongdoing, the sources said.

The antitrust watchdog has notified the companies of the plan, with its final decision to be made after hearing their opinions.

The other companies include Osaka Gas Chemicals Co., Swing Corp., Honcho Chemical Inc. and Futamura Chemical Co.

Around 2013 at the latest, the companies started determining in advance the winners of contracts to provide activated carbon products to municipalities including the Tokyo metropolitan government, the prefectural government of Saitama, eastern Japan, and the municipal government of Osaka, western Japan, in violation of the antimonopoly law, according to the sources.

[Copyright The Jiji Press, Ltd.]

Jiji Press