Contact Information in China
Germany Fala Cofer (Group) Co., Ltd
Address:Room C1D, 6/F, Wing Hing Industrial Building, No.14 Hing Yip Street, Kwun Tong, Kowloon, Hong Kong
Telephone:00852-96669759
Fax:00852-21100996

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Four Major Bearing Manufacturers from Japan were Investigated for Suspected Price Monopoly

  According to the report on “Yomiuri Shimbun”, recently, four major bearing manufacturers from Japan have accepted the enforcement investigation by Japan Fair Trade Commission for the implementation of price monopoly and violation of “Antimonopoly Act” during bearing trading.
  The Fair Trade Commission believed that it is suspected to make excuses for driving up prices, which is under investigation now.
  It is learned that NSK, NTN, JTEKT and Fujikoshi suspected to raising products price by negotiation before & after the year of 2004. At the same time, these four corporations formulated “Pricing table” in accordance with products specifications sold to wholesalers, price for “Pricing table” nearly to be increased every spring.
  After entering the period of economic recession in 2009, these four manufacturers still continued to increase their products price, meanwhile explain to buyers “Only in this way will close to the price of the world leading enterprises”.