| Author (Corporate) | European Commission: Press and Communication Service |
|---|---|
| Series Title | Press Release |
| Series Details | IP/05/1140 (14.9.05) |
| Publication Date | 14/09/2005 |
| Content Type | News |
|
The European Commission on 14 September decided to fine thread producers from Germany, Belgium, The Netherlands, France, Switzerland and the United Kingdom a total of €43.497 million for operating cartels in the market for industrial thread in violation of EC Treaty rules on restrictive business practices (Article 81). Industrial thread is used in a variety of industries to sew or embroider various products such as clothes, home furnishings, automotive seats and seatbelts, leather goods, mattresses, footwear, and ropes. |
|
| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/05/1140&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Belgium, France, Germany, Netherlands, Switzerland, United Kingdom |
