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Lenzing, Palmers face fines over hygiene masks joint venture, Austrian watchdog says

( March 19, 2024, 09:51 GMT | Official Statement) -- MLex Summary: The Austrian competition authority has asked the national cartel court to impose fines on Lenzing and Palmers for implementing their full function Hygiene Austria joint venture before receiving approval for the plan. The watchdog considered Lenzing’s cooperation with the probe and requested the court to fine it 75,000 euros. Regarding Palmers, it requested an “appropriate fine” for the company.Statement follows (in German). ...

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