On Wednesday 21 March, European Commission imposed several fines totalling €253.935 million on Elna, Hitachi Chemical, Holy Stone, Matsuo, NEC Tokin, Nichicon, Nippon Chemi-Con and Rubycon, all of which are manufacturers of electrolytic condensers, for having participated in an illegal cartel between 1998 and 2012.
“Today's cartel decision again demonstrates that we will not tolerate anti-competitive behaviour by companies that may affect European consumers, even if the coordination...