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Competition Commission of Singapore fines capacitor manufacturers for price fixing and information exchange

29 January 2018

On 5 January 2018, the Competition Commission of Singapore (CCS) issued an Infringement Decision and imposed a record-breaking fine of over SGD19.5 million (approximately USD15 million) against five capacitor manufacturers for engaging in anti-competitive agreements and/or concerted practices to fix prices and exchange information in relation to the sale of Aluminium Electrolytic Capacitors (AECs) in Singapore, thereby infringing section 34 of the Competition Act (the Act).

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