NGK Spark Plug Co referred to Competition Tribunal for prosecution

ngk spark plug co referred to competition tribunal for prosecution

Sumary of NGK Spark Plug Co referred to Competition Tribunal for prosecution:

  • Global vehicle spark plug manufacturer and supplier NGK Spark Plug Company and its South African subsidiary have been referred to the Competition Tribunal for prosecution for alleged contraventions of the Competition Act.
  • overlay-box{position:fixed;width:100%;height:100%;top:60px;left:0;background:rgba(255,255,255,.
  • overlay-box #overlay-include-wrapper{text-align:center;position:relative;top:15%;height:60%;font-size:20px;color:#212e52;-webkit-transform:translateY(-50%);transform:translateY(-50%);padding:10px}.
  • mny-button:hover{background-color:#259990;border-color:#259990} The referral follows an investigation launched by the commission in October 2014 into allegations of collusion by 63 automotive component manufacturers involving 310 separate instances of alleged collusion and 92 automotive components.
  • Pervasive The large number of firms and components involved in the alleged collusion resulted in the commission inviting the implicated firms to settle the cases against them, with the commission warning that firms which elected not to settle would be referred to the tribunal for prosecution.
  • The commission said on Thursday that NGK is one of the firms it has been investigating for collusive conduct in the supply of automotive components.
  • “Spark plugs are one of the components that has been subjected to collusive behaviour by automotive components manufacturers such as NGK,” it said.
  • Japanese automotive component company Sumitomo Electric Industries (SEI) became the first company to finalise a settlement agreement flowing from this investigation by the commission when it agreed in August 2020 to pay a fine of R437 278.38 for fixing the price of automotive components and collusive tendering.

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