Why China's panel manufacturers suffered huge EU fines

In 2010, several large LCD panel can be described as "giant lawsuits".

The EU announced in December 8th, due to manipulation of the LCD panel prices, LGDisplay, CMO, AUO and other manufacturers were sentenced to a fine of 648 million 900 thousand euros.

The EU announced the decision on a fine, CMO was fined 300 million euros, LG was fined 215 million euros, AUO was fined 116 million 800 thousand euros, CPT was fined 9 million euros, HannStar was fined 8 million 100 thousand euros. The European Union said that Samsung Electronics is the first company to disclose information to the EU, and therefore has not been fined.

The EU believes that the punishment of the companies apparently ignored the rules of the game in europe. "Foreign companies should be aware that, like European companies, they must abide by the principle of fair competition," said Choaqui Almunia, an EU competition commissioner, in an e-mail statement. These companies know that they are in violation of fair competition, but trying to cover up their illegal acts. "

In the first half of this year, LG, such as Japan and South Korea and China's Taiwan panel manufacturers were punished by the United states. At that time, the U.S. Court ruled that LG, SHARP, CPT three companies paid $585 million huge criminal fine, which has become the third monopoly in American history fine.

A home appliance industry to accept the "daily economic news" interview that, in the purchase and use of the LCD panel, the total amount of the United States and the European Union is far lower than the Chinese, "China appliance manufacturers is the true sense of the victims. "

It is predicted that the global color TV production in 2010 will reach 180 million units, of which 100 million units around the production is completed by Chinese enterprise, "in fact, now the world panel demand and production is mainly concentrated in the Chinese. "

However, Beijing's lawyer Hao Junbo told reporters, "we have received a lot of home appliances business consulting, they also expressed willingness to participate in the prosecution, but no one is willing to take the lead in a lawsuit. "

According to Consulting Senior Director Luo Qingqi believes that the possibility of Chinese enterprise prosecution is very small, the production and demand of the panel is mainly concentrated in Japan and South Korea, and these regions economy is moving toward integration.

"The Chinese government has just approved the Samsung and LG panel production line two, it can be said that the panel is now being transferred to China, the main focus of household electrical appliance enterprises have been placed in the upper reaches of the layout. "Luo Qingqi said.