Home > News > Canada

EU accepts Rio Tinto Alcan's aluminum concessions

Friday, Dec 21, 2012
点击:

  The European Union's antitrust regulators Thursday accepted concessions by Rio Tinto Alcan that aim to solve competition concerns about the contractual use of a technology to process aluminum.

  "With today's commitments we have achieved a far-reaching solution to the concerns raised by the Commission," Joaquin Almunia, the European Competition Commissioner, said in a statement. "Rio Tinto Alcan's commitments will open up the market for equipment used in aluminum smelters. As a result, the customers of aluminum technology and equipment will have more choice," he explained.

  The Commission was investigating the practice by Alcan, a Canadian company which was bought by Rio Tinto PLC RIO in 2007, to link the licenses for one of its leading aluminum smelting technologies to the purchase of equipment from one of its subsidiaries.

  After negotiations with the EU, Rio Tinto Alcan had offered to modify the terms of its future technology transfer agreements. The Commission then tested with other market participants and parties involved if the concessions would solve the antitrust concerns.

  Thursday's decision makes the concessions legally binding, which means that the company could be fined if it doesn't stand by them.

Recommended exhibitions

16TH ARAB INTERNATIONAL ALUMINIUM CONFERENCE
  ARABAL, which is being organized and hosted by Qatalum, is the premier trade event for the Middle East's aluminium i......
Aluminium 2012
  ALUMINIUM is the leading B2B platform in the world for the aluminium industry and its main applications. This is whe......
The 4th edition of Zak Aluminum Extrusions Expo
 Date

  14th - 16th December 2012

  Venue

  Pragati Maidan,

  New Delhi,India.

  Exhibition Timings

 ......
ALUMINIUM DUBAI 2011
Name:ALUMINIUM DUBAI 2011
Time:2011-5-9 to 2011-5-11
Place:Dubai International Convention & Exhibition Centre, Dubai, UAE......