Tessenderlo confirms EU competition probe of Nyloplast business

13 July 2012 17:21  [Source: ICIS news]

LONDON (ICIS)--Tessenderlo confirmed on Friday that EU competition officials inspected its Nylopast subsidiary as part of an investigation of the market for plastics pipes in the sewage industry.

“We are currently assessing the situation and cannot give further information at this stage,” the Belgium-based chemicals company said.

Tessenderlo added that “there is nothing to indicate that the impact will be similar to that of the phosphates cartel” in which Tessenderlo and other animal feed phosphates producers in 2010 were fined a total of €175.6m ($214.1m) for price-fixing.

The European Commission said this week that in June its officials carried out unannounced inspections in several EU member states at plastics pipes and plastics fittings companies.

The Commission suspects that the companies may have violated EU antitrust rules that prohibit cartels and restrictive business practices, it said.

However, the fact that the Commission carries out such inspections does not mean that the companies are guilty of anti-competitive behaviour, it added.

Tessenderlo’s Nyloplast business manufactures a range of plastic pipe products, including T-joints, reducing pieces, sleeves, bends, and inspection tubes.

($1 = €0.82)

By: Stefan Baumgarten
+1 713 525 2653

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