Japan’s Trade Commission Issues Order Against Rubber Hose Cartel
Japan’s Fair Trade Commission is taking steps against Bridgestone and four international companies that have since May been under the spotlight for rubber marine hose price fixing. The competition watchdog intends to issue an administrative order to the companies to ensure the cessation of any remaining cartel activities, the first time such an order has been issued to foreign companies. The four international companies are the UK’s Dunlop Oil and Marine, a unit of Sweden’s Trelleborg AB, and Italy’s Parker ITR and Manuli Rubber Industries.