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Investigation on anticompetitive behavior

On December 16th, 2011, officials from the Hungarian Competition Authority investigated Hungarian pipe producers on suspicion of anticompetitive behavior. As a part of this, also Pipelife Hungary was visited and various information requested by the officials.

Pipelife Hungary is fully committed to co-operate actively with the competition authorities and to provide them with any information their mission may require.

Anti-competition practices are clearly violating Pipelife’s policies and guidelines and are subject to internal sanctions. Since several years, Pipelife has an antitrust compliance program in place. Free and fair competition is a key factor to guarantee long-term success.

Pipelife cannot further comment as long as the investigation is ongoing.