ISLAMABAD: An initial inquiry conducted by the Competition Commission of Pakistan (CCP) found two main glass-making companies were involved in price fixing and anti-competitive behaviour.
The CCP inquiry was initiated upon receiving various concerns that two companies were collectively deciding pricing of float glass and utilisation of their production capacities.
Float glass is mainly used in the construction sector for manufacturing windows and can also be used for tables and shelves.
Data analysis from 2019 to 2021 showed that for float glass of varying thicknesses, the prices of both companies were similar, and the dates of price increases and quantum of increase were also the same.
According to market sources, the two companies were also suspiciously coordinating their prices and production quantities.
During the investigation, market surveys were conducted wherein it was found that both undertakings were in collusion to fix and maintain uniform prices and increase prices in a coordinated manner at the same time.
The coordination or agreement between competing undertakings to fix prices and supply in the market is prohibited under Section 4 of the Competition Act, 2010.
Published in Dawn, September 9th, 2022