- End of proceedings against Koramic Dachprodukte GmbH & Co KG
- Wienerberger is committed to fair competition
Vienna, Austria, 04-12-2013 — /EuropaWire/ — Wienerberger AG today received the official decision that the proceedings initiated against Koramic Dachprodukte GmbH & Co KG, a former wholly owned subsidiary, for alleged agreements in restraint of trade were terminated. This decision followed an appeal by Koramic against the fine levied by the German antitrust authorities in 2008. Wienerberger recorded a provision of € 10 million in that same year for a possible fine, which will now be reversed through profit and loss in the fourth quarter of 2013. “The Wienerberger Group has very strict compliance rules. Anticompetitive agreements are not part of our business practices – they are expressly prohibited by our internal guidelines and any violations are met with sanctions. I therefore welcome the outcome of these proceedings“, commented Heimo Scheuch, Chief Executive Officer of Wienerberger AG. In conclusion, he added: “We are committed to free and fair competition and see that as a central factor to guarantee the long-term success of the Group“.
Wienerberger is the world’s largest producer of bricks (Porotherm, Terca) as well as number one on the clay roof tile market in Europe (Koramic, Tondach) in Europe and on the concrete paver market (Semmelrock) in Central-East Europe. In pipe systems (Steinzeug-Keramo ceramic pipes and Pipelife plastic pipes), the company is one of the leading suppliers in Europe. With 215 plants, Wienerberger generated revenues of € 2,356 million and operating EBITDA of € 246 million in 2012. In May 2012 Wienerberger finalized the full takeover of Pipelife and set a further milestone in the expansion of the core business and the further development of the Group.
For additional information contact:
Barbara Braunöck, Head of Corporate Communications Wienerberger
T +43 1 601 92 – 10221 | firstname.lastname@example.org