The State Administration for Industry and Commerce has fined packaging giant Tetra Pak 668 million yuan ($97 million) for breaking anti-monopoly laws and abusing its monopolistic market position. Tetra Pak was found to have broken anti-monopoly regulations such as abusing its monopolistic status to force customers to purchase packaging materials and sterile packaging equipment and services, SAIC said in a statement yesterday [16 November 2016]…Full Article: Nov 2016

Key Point

  • The President of Tetra Pak China stated his company would not appeal the fine.

ChinaAg Comment

  • Founded in 1953 and headquartered in Beijing, the State Administration for Industry and Commerce (SAIC) is charged with supervising and regulating the Chinese market. This includes administrating fines for violations. For a full list of its responsibilities, please click here.

Hong Kong Trends

Similar Posts by ChinaAg

Spread the word. Share this post!