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PN28/02 17 May 2002
Three firms have been fined a total of £33,737 for price fixing in respect of automatic slack adjusters, which are brake safety devices for buses, trailers and trucks.
The OFT uncovered price fixing agreements involving John Bruce (UK) Limited of Sheffield (the importer of automatic slack adjusters manufactured by Madras Engineering Industries Limited (MEI) in India) and its distributors Fleet Parts Limited of Warrington and EW (Holdings) Limited (trading as Truck and Trailer Components) of Cowley which is part of the Unipart Group:
The agreements were found by the OFT to be anti-competitive, infringing Chapter l of the Competition Act 1998. OFT regards price fixing as a serious infringement.
1. Powers under the Competition Act 1998
The Act gives the Director General powers to investigate suspected infringements of the Act's prohibitions:
2. The Director General has the power to impose financial penalties under the Act and the approach he adopts is set out in the Director General of Fair Trading's Guidance as to the Appropriate Amount of a Penalty, OFT 423 March 2000.
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