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Japan's Hamai Industries, Miyairi Valve, three other gas-valve makers face antitrust fines for cartel

By Sachiko Sakamaki ( May 15, 2024, 03:53 GMT | Insight) -- Five Japanese gas-valve manufacturers, including Hamai Industries and Miyairi Valve Mfg, are set to face antitrust fines totaling about $4.6 million for cartel conduct. After hearing the companies’ views, the Japanese competition enforcer is expected to issue formal corrective orders and fines for their antitrust violations.Five Japanese gas-valve manufacturers, including Hamai Industries and Miyairi Valve Mfg, are set to face antitrust fines totaling about 700 million yen ($4.6 million) for cartel conduct. After hearing the companies’ views, the Japanese competition enforcer is expected to issue formal corrective orders and fines for their antitrust violations....

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