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2006-03-29 News Headlines
Tomra recycling systems
EU Commission case and 1Q 2006 presentation
Tomra systems a supplier of reverse vending machines for recycling responds
to the EU Commission ruling on competition practices in Euorpe and 1Q
2006 results invitation.
The EU Commission has today concluded that Tomra
Systems ASA ,
Norway, in the period 1998 to 2002 foreclosed competition on the market
for reverse vending machines in Austria, Germany, the Netherlands, Norway
and Sweden by implementing an exclusionary strategy. Consequently, the
Commission has decided to fine TOMRA EUR 24 million. In addition TOMRA
has been required to bring to and end all agreements involving exclusivity
and/or loyalty commitments. This was already implemented several years
ago.
In September 2004, TOMRA received the EU Commission's Statement of Objections
relating to the EU Commission investigation in 2001. TOMRA filed its written
response to the Statement of Objections in November 2004. In this response
TOMRA rejected the Commission's arguments. Prior to the reception of the
Commission's Statement of Objections, TOMRA had also taken several actions
to avoid potential future objections, i.e., through the implementation
of a "Compliance Program". Therefore, regardless of the requirements
that have been set forth by the Commission in today's decision, TOMRA
today operates in accordance with current laws, rules and practices.
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Tomra Recycling Center. Click
Go for larger image. Photo:
Tomra
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The company's Board of Directors will evaluate and assess how to respond
to the fine. If necessary, TOMRA is entitled to appeal the decision of
the Commission to the European Court of Justice (Court of First Instance)
within 2 months. Whether TOMRA will accept or appeal the decision will
be communicated at a later point in time.
Questions related to this matter can be directed to President & CEO
Amund Skarholt, phone number +47 97 55 94 25.
In addition, TOMRA's first quarter 2006 results will be released on Wednesday
19 April 2006. The written material will be available from 16:35 CET at
the company website (under the investor relations section) and at Høyres
Hus, Stortingsgaten 20 (6th floor), Oslo.
President & CEO Amund Skarholt will present the results at 16:45 CET.
The presentation will be held in English and take place at Høyres
Hus, Stortingsgaten 20 (6th floor), Oslo, Norway. A live broadcast of
the presentation will be available on the company website and a recorded
version of the presentation will also be available after the broadcast
has concluded.
For participation, please contact Hakon Volldal by phone: +47 66 79 92
29
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