The Association of Swiss Wholesales of Sanitary Industry is facing a €232 million fine proposed by Switzerland's Competition Commission, claiming infringements on the country's competition regulation.
The Association of Swiss Wholesales of Sanitary Industry is facing a €232 million fine proposed by Switzerland’s Competition Commission, claiming infringements on the country’s competition regulation.
Irish building material group CRH faces a €98 million fine as its three arms are members of the association.
In a statement CRH says: “CRH believes that the position of the secretariat is fundamentally ill-founded and views the proposed fine as unjustified. The Group intends to respond to this effect in its comments to the secretariat. The decision of the Competition Commission on this matter, which is likely to be communicated by the end of 2014/early 2015, can be appealed to the Federal Administrative Tribunal, and ultimately to the Federal Supreme Court.
“The company plans to respond to the commission on the matter. The fine is part of a pending probe into bathroom fixtures industry in Switzerland and the affected companies have been invited to respond to the commission’s proposals.”
