BRUSSELS (Reuters) - EU antitrust regulators handed down a 254-million-euro ($311.94 million) fine to eight capacitor producers on Wednesday for taking part in a cartel for more than a decade.
The European Commission said Elna, Hitachi Chemical, Holy Stone, Matsuo, Nec Tokin, Nichicon, Nippon Chemi-Con and Rubycon fixed prices for the supply of aluminium and tantalum electrolytic capacitors.
Sanyo Electric Co and Panasonic Corp alerted the EU competition enforcer and avoided a fine.
Capacitors are used in electronic products such as smartphones, home appliances, car electronic systems and wind turbines.
“Our decision again makes clear that we will not tolerate anti-competitive conduct that may affect European consumers, even if anticompetitive contacts take place outside Europe,” European Competition Commissioner Margrethe Vestager said in a statement.
It said the cartel ran from 1998 to 2012, with meetings taking place mainly in Japan but the operation was on a global scale.
($1 = 0.8143 euros)
Reporting by Foo Yun Chee, editing by Robin Emmott