| Nippon Sheet Glass fine could mean higher prices, FT reports |
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Written by Howard Mustoe
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Nippon Sheet Glass Co.'s will reduce
investment in equipment at its Pilkington unit after being fined
by the European Union's competition authority, the Financial
Times said reported citing Chief Executive Officer Stuart
Chambers.
The fines could also lead to higher glass prices, the
newspaper reported, citing an interview with Chambers. U.K.-
based Pilkington, which was acquired by Nippon in 2006, was
fined 370 million euros.
To contact the reporter on this story:
Howard Mustoe in London at
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