10.07.2024, 17:37
Larta Glass plants have paid the fines imposed by the Federal Antimonopoly Service
Source: OREANDA-NEWS
OREANDA-NEWS Manufacturers of flat glass LLC Larta Glass Rostov and LLC Larta Glass Ryazan (both members of the Larta Glass group, which is part of the FGC Group), previously fined by the Federal Antimonopoly Service, paid fines totaling 227 million rubles.
According to the Ryazan UFAS, these enterprises, occupying a dominant position in the flat glass market, increased the price of these products by 80-90% from January 2021 to July 2022. The FAS analysis showed that the cost of flat glass increased at a faster pace with a slight increase in cost, which confirmed the fact that a monopolistically high price was established.
"The companies have been issued regulations aimed at ensuring competition. And as part of the administrative proceedings, fines were imposed, subsequently supported by the court: 113,305,691 rubles for Larta Glass Ryazan LLC and 113,792,020 rubles for Larta Glass Rostov LLC," the message says.
The organizations tried to challenge the decisions, orders and fines in two instances, but the Arbitration Court of the City of Moscow, and then the Ninth Arbitration Court of Appeal, supported the position of the FAS.
According to the Antimonopoly Service, the funds have already been transferred to the budget of the Russian Federation.
According to the information on the FGC website, Larta Glass (formerly known as Guardian Glass) is one of the largest manufacturers of flat glass, coated glasses and mirrors in the CIS countries. The nominal output capacity is 750 tons of glass per day at the plant in Ryazan and 900 tons of glass per day in the Rostov region.
According to the Ryazan UFAS, these enterprises, occupying a dominant position in the flat glass market, increased the price of these products by 80-90% from January 2021 to July 2022. The FAS analysis showed that the cost of flat glass increased at a faster pace with a slight increase in cost, which confirmed the fact that a monopolistically high price was established.
"The companies have been issued regulations aimed at ensuring competition. And as part of the administrative proceedings, fines were imposed, subsequently supported by the court: 113,305,691 rubles for Larta Glass Ryazan LLC and 113,792,020 rubles for Larta Glass Rostov LLC," the message says.
The organizations tried to challenge the decisions, orders and fines in two instances, but the Arbitration Court of the City of Moscow, and then the Ninth Arbitration Court of Appeal, supported the position of the FAS.
According to the Antimonopoly Service, the funds have already been transferred to the budget of the Russian Federation.
According to the information on the FGC website, Larta Glass (formerly known as Guardian Glass) is one of the largest manufacturers of flat glass, coated glasses and mirrors in the CIS countries. The nominal output capacity is 750 tons of glass per day at the plant in Ryazan and 900 tons of glass per day in the Rostov region.
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