Brussels, 28/01/2009 (Agence Europe) - On Wednesday 28 January, the European Commission imposed a total of €131,510,000 fines on five groups - Bridgestone, Dunlop Oil & Marine/Continental, Trelleborg, Parker ITR and Manuli - for participating in a cartel for marine hoses between 1986 and 2007. Yokohama also participated in the cartel but was not fined because it revealed the existence of the cartel to the Commission.
Marine hoses are used to load crude oil from and onto ships. From 1986...