Repercussions for Lenzing
75,000 euros fine for corona mask involvement
Lenzing AG and Palmers Textil Aktiengesellschaft founded a joint venture to produce face masks and FFP2 masks during the coronavirus pandemic. The fiber producer from Upper Austria has now been fined 75,000 euros for violating the implementation ban.
Last week, Brau Union Österreich caused a stir when the Federal Competition Authority applied to the Cartel Court to impose a fine.
On Tuesday morning, Lenzing AG received a letter from the Cartel Court in another case. The fiber producer was fined 75,000 euros, while the proceedings against Palmers have not yet been concluded.
The background to the fine is the formation of Hygiene Austria, which Lenzing and Palmers notified to the Federal Competition Authority on May 11, 2020. The merger was cleared on May 26, 2020. However, it then emerged that the two companies had already taken operational measures in advance, which in turn resulted in a fine.
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