Notice of Appeal by Nachi-Fujikoshi Corporation and Nachi Singapore Private Limited on CCS Infringement Decision in relation to the supply of ball and roller bearings
Appeal Number: |
1/2014 |
Appellant : |
Nachi-Fujikoshi Corporation
Nachi Singapore Private Limited |
Date Received: |
Notice of Appeal received on 25 July 2014 |
Summary of CCS Decision that Appeal Relates: |
1. On 27 May 2014, the Competition Commission of Singapore (CCS) issued an Infringement Decision against four Japanese bearings manufacturers and their Singapore subsidiaries (collectively, the “Parties”) for contravening section 34 of the Competition Act (Cap.50B) (the “Act”) by engaging in anti-competitive agreements and unlawful exchange of information in respect of the price and sale of ball and roller bearings[1] (“Bearings”) sold to aftermarket customers (“Aftermarket Customers”) in Singapore. CCS is imposing financial penalties totalling S$9,306,977 on the Parties for the infringement.
2. The Parties were:
i. JTEKT Corporation and its Singapore subsidiary, Koyo Singapore Bearing
(Pte.) Ltd. (collectively referred to as “Koyo”);
ii. NSK Ltd. and its Singapore subsidiary, NSK Singapore (Pte.) Ltd.
(collectively referred to as “NSK”);
iii. NTN Corporation and its Singapore subsidiary, NTN Bearing-Singapore
(Pte.) Ltd. (collectively referred to as “NTN”); and
iv. Nachi-Fujikoshi Corp. and its Singapore subsidiary, Nachi Singapore
Private Limited (collectively referred to as “Nachi”)
|
Relief Sought by Appellant |
Reduction of financial penalties and order of costs of appeal to be borne by CCS. |