UOKiK fines Pfleiderer PLN 36 mln for cartel pricing

WSE-listed chipboard producer Pfleiderer’s two subsidiaries have been fined PLN 35.76 million by the antitrust watchdog UOKiK as part of its PLN 135 million fines for cartel pricing in the sector. In total, five companies, within three capital groups were fined, they include: Pfleiderer Group, Pfleiderer Wieruszów, Kronospan Mielec, Kronospan Szczecinek, and Swiss Krono, which was not fined as it cooperated with UOKiK in the investigation. The alleged collusion concerns an agreement on price fixing and exchange of commercial information concerning the conditions of sale on the market of chipboard and fibreboard in Poland. The investigation was launched back in 2012.