KAP Diversified and Sonae Arauco are accused of agreeing to increase prices for wood-based panel products at the same time
has referred wood-based panel companies Steinhoff, Kap Diversified Industrial and Sonae Arauco SA to theThe commission wants the tribunal to impose an administrative penalty of 10% of the annual turnover of Kap and Steinhoff, while Sonae has against to testify against the other companies amid a settlement deal.
The companies also agreed on the price they charged their top customers. During the period of this conduct, and at the time of the investigation, Kap was under the control of Steinhoff. Sonae has agreed to to pay a R46.9m penalty after admitting liability, and the commission is not seeking an administrative penalty.
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