Receipt of Statement of Objections from the European Commission
Update Time: 2019-12-20 14:00:31
Rubycon Corporation received a Statement of Objections* from the European Commission with respect to alleged anticompetitive behavior in the electrolytic capacitors businesses.
Rubycon Corporation will examine the European Commission's preliminary findings as reported in the Statement of Objections and will respond in due course.
Pending further steps in the proceedings and until a final decision by the Commission, Rubycon Corporation will refrain from any further comment.
*A Statement of Objections is a procedural document whereby the European Commission describes its preliminary view in relation to a possible infringement of EU competition law and allows its addressees to present arguments in response. A Statement of Objections is a preparatory document that does not prejudge the European Commission's final decision.
Rubycon was founded in 1952 as Nihon Denkai Seisakusho.Commenced production of aluminum electrolytic capacitors. Then in1953, it changed the company name to Shin-Ei Tsushin Kogyo and in 1954 Feb, the company name was changed to Shin-Ei Tsushin Kogyo Inc.
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