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Japan’s Toyo Seikan, Mitsubishi Materials, Hokkan Holdings expect huge fines in drink-can collusion case

By Sachiko Sakamaki ( July 3, 2019, 07:53 GMT | Insight) -- Japan’s thee biggest can and container makers have announced that they are expecting big antitrust fines from the country’s competition regulator, which will likely affect their bottom lines. Japan’s biggest can maker, Toyo Seikan Group Holdings, and rival Mitsubishi Materials are each expecting a fine close to the record high of 13.1 billion yen ($122 million) for a single company. The country's second-largest can manufacturer, Hokkan Holdings, is also bracing for a smaller but significant fine.Japan’s thee biggest can and container makers have announced that they are expecting big antitrust fines from the country’s competition regulator, which will likely affect their bottom lines....

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