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Two Japan bearings manufacturer was fined 290 million

Chinese antitrust regulators because of bearing maker Japan Seiko (NSK) violation and fine of $ 174.9 million Yuan. This is the automotive industry's first penalty since an antitrust investigation of the Japan business. Japan Seiko yesterday to the Tokyo Stock Exchange's announcement, was fully in compliance with China's national development and Reform Commission of investigation, if this amount any effects to its full year earnings forecast, the company will be further disclosed.
Subsequently, Japan bearing manufacturer ntncorp, said China's national development and Reform Commission, the company opened a 119.2 million Yuan, for violation of Chinese anti-monopoly law.
At this point, the NDRC's two cars a day antitrust fines, amounted to two Japanese companies fined 294.1 million Yuan.
Earlier this month, the national development and Reform Commission disclosed that has completed the Japan 12 companies implement auto parts and bearing price-fixing investigations in the case, and will be punished according to law. Media reports, which involved 12 Japan enterprises include: Donghai chemical, Bridgestone, Panasonic, Autoliv, TRW, Germany holding, Japan Seiki, g.s.electech, Furukawa Electric, Yazaki Corporation, diamond electric and Fujikura, Denso group companies. Covered components include heater Control Panel, turn signal switch, wiper, electric locking, airbags, steering wheel, dashboard instruments and seat belts. As Seiko and NTN tickets have been disclosed, would continue to have more Japan parts enterprises public punishment scheme.
National development and Reform Commission, China auto industry antitrust investigations started since the beginning of the end of 2011, Antitrust actions have involved parts manufacturing, sales, distribution and aftermarket repair part is almost automobile industry chain as a whole. In addition to 12 Japan parts enterprises, has determined that Chrysler, Audi, Mercedes-Benz there is monopoly.
Japan NSK (nskltd. NSK for short) was founded in 1916, is a Japan first domestic design and production of bearing manufacturers. For decades, NSK has developed countless new bearings. While NSK is also development of automotive components, precision machinery components and high precision and advanced products.
Japan NTN bearing is one of the integrated precision machinery manufacturers in the world, was founded in 1918. Is Japan, one of the three bearings, in Germany and the United States, and France, and Canada, and Australia, and Singapore, and Korea and other 12 countries and regions have built research and development institution or manufacturing base. Have 20 wholly-owned production facilities abroad, 2 and 48 Office of the Institute.
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