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Saint-Gobain Glass India accused of deliberate under-pricing

Post Time:Oct 17,2011Classify:Industry NewsView:69

India's competition watchdog has launched a full-fledged investigation against French glassmaker Saint Gobain after a preliminary review found that the company's Indian unit deliberately lowered prices of its products to drive out competition, according to an Oct. 15 report in The Economic Times.

"We have substantial evidence that Saint Gobain Glass India (SGGIL) engaged in limit pricing to make entry into the float glass segment unprofitable for others," a senior official at the Competition Commission of India said, according to the article.

"No clear case of dominance can be found against us," a director on SGGIL board is quoted as saying, in The Economic Times article.

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