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Competition Panel fines German glass firm Rs 5.6 crore

Post Time:Apr 11,2012Classify:Industry NewsView:58

Schott Glass India allegedly abused its dominant position in the industry by imposing unfair and discriminatory conditions on the purchase of goods related to glass tubes in India***

NEW DELHI, APRIL 4:
The Competition Commission of India has imposed a penalty of Rs 5.66 crore on the Indian arm of German firm Schott Glass India for anti-competitive practices.***

In a case which lasted nearly two years, the competition watchdog charged Schott with abusing its dominant market position on a complaint by Mumbai-based Kapoor Glass Ltd.***

Kapoor Glass, a family-owned firm engaged in the business of glass ampoules and “neutral USP Type-I borosilicate glass tubes,” alleged that Schott Glass India Pvt Ltd abused its dominant position in the industry by imposing unfair and discriminatory conditions on the purchase of goods related to glass tubes in India, thereby violating the provisions of the Competition Act.***

Glass ampoules are primary packaging materials for liquid injectables and drugs, and are used by the pharmaceutical industry. Borosilicate glass is a special type of glass used in making glass ampoules.***

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Source: http://www.glassonweb.com/news/index/15581/Author:

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