Behind Gorlala Glass, the United States -based glass industrialist Corning has pledged to eliminate its special deals and other methods that the European Commission is considered to be competitive to avoid. If you remember, the Commission has announced that it is investigating the corning last year, accusing it of squashing with its special supply contracts, thus preventing prices and innovation. Now, the commission has accepted the promises made by the corning and legally bound by EU rules.
When the Commission announced its investigation, he said that Corning needed to make mobile phone manufacturers a source of needs of all or almost all of them all or almost all of them all alkali S. Glass (marketing as Gorlala Glass), even their exemptions. Under its contract with the Commission, Corning with phone manufacturers and companies that act on raw glasses “must forgive all special dealing clauses in all of their existing contracts”. Corning will also not be allowed to enter special deals in the future.
In addition, corning may not require manufacturers or any of their suppliers in the European economic area to buy any kind of alkali S. glass from it. Worldwide, corning may not require manufacturers and their suppliers to buy more than 50 % of their needs from the company. The commitment to the corning will last for nine years, and a trustee will monitor the company’s movements to ensure its compliance.
As if Reuters Noted, EU fines could cost companies 10 % more of their income, but corning did not need to pay anything. “The European Commission’s investigation has not been corrected, there is no search for wrongdoing through corning, and the company’s guerrilla glass business or large -scale company has no material effect,” said the gorilla glass maker. Bloomberg In a statement
