Appeals 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”)

Read the full text of the Infringement Decision [PDF, 1.7 MB]

Relief Sought by Appellant

Reduction of financial penalties and order of costs of appeal to be borne by CCS.