Asahi Glass Will Pay Price-Fixing Fine with No Appeal

Asahi Glass Co. Ltd. and its European subsidiary, AGC Automotive Europe SA, have confirmed that they will pay the $147.9 million ($113.5 million euro) fine imposed by the European Union (EU). (CLICK HERE for related story.

In addition, the company has made several changes in order to comply with the EU's rules on competition. According to a statement issued by the company, as part of this, several new managers have been appointed (CLICK HERE for related story); the company is working to reinforce education about anti-trust laws; and certain senior executives of Asahi Glass have voluntarily returned some of their directors' fees "to show each employee of the company how much [sic] seriously the management of the company is considering the need to thoroughly implement compliance with the laws, and the importance of sharing such values for the benefit of all members of the group and its stakeholders."

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