Picture: Yang Jia
Japan bearing company--NSK, has made a statement on the official website that it has been fined 174.92 million Yuan (about 2.9 billion yen) by National Development and Reform Commission for breaking antitrust law during its bearing selling activities in China. Japan NSK said that, they were cooperating with National Development and Reform Commission on the investigation of bearing trade and would take comprehensive measures to assure that their business activities will accord with laws and rules.
NTN, Japan bearing manufacturer and the competitor of NSK, also expressed that because it has violated Chinese anti-monopoly law, National Development and Reform Commission fined it 119.3 million Yuan (about 19.42 million dollars).
NSK and NTN are both the big bearing enterprises of Japan. The core bearing industry of NSK is the top one of Japan and ranks the third all over the world. NTN is also one of the top three bearing enterprises in Japan and has entered Chinese bearing market since 1971.
On Aug 6, National Development and Reform Commission announced that, it had finished the investigation work on the automobile parts and bearing price monopoly cases of 12 Japan enterprises and would punish these enterprises according with the law. Presently, NSK and NTN are the first two Japan parts enterprises that revealed the fine information.
This article was translated into English by China SKET Bearing Company. Some certain contents has been deleted and the copyright still belongs to the original copyright owner.
Source SKET BEARING
