GRAPHITE ELECTRODE CARTEL
May 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Court of Justice's Court of First Instance has cut by Euro 153 million the fines previously imposed by the European Commission on eight American, German and Japanese companies for operating an international cartel in the graphite electrode sector. The court found that the Commission had "misapplied" certain of its own rules when calculating the fines and so ordered the reduction, which will most benefit the four Japanese companies involved: Tokai Carbon (Euro 24.5 to 12.2 million), Nippon Carbon (Euro 12.2 to 6.2 million), Showa Denko ...
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