NTN-SNR ROULEMENTS SA designs and manufactures bearings for industrial, aerospace, and automotive markets. It offers ball, roller, thrust, sliding, and special bearings; and bearing units, linear and maintenance products, and mechatronic products for the industrial market. The company also offers wheel, gearbox, engine, alternator, starter, accessory suspension, and clutch-release bearings, as well as transmission seals for the automotive market. In addition, it offers ball, roller, needle, and combined bearings for helicopter, engine, airplane, and space applications; bearings derived from aerospace products that are used for industrial applications, such as cryogenic pumps (gas utilities),...
1, rue des Usines
Founded in 1916
European Commission Imposes Fines of EUR 201,354,000 on European Consolidated Subsidiaries of NTN Including NTN-SNR ROULEMENTS
Mar 20 14
NTN Corporation and its European consolidated subsidiaries have received the notification of a decision on automotive bearings from the European Commission. In connection with automotive bearing business, the European Commission decided to impose fines of EUR 201,354,000 (about JPY 28,453 million) on European consolidated subsidiaries of NTN including NTN-SNR ROULEMENTS (France), and NTN as their parent company, on the grounds that the European subsidiaries concerned violated the EU competition law with respect to sales made in Europe. Since November 2011, the European Commission has been conducting the investigation on NTN and the European consolidated subsidiaries concerned for suspicion of the violations of the EU competition law regarding automotive bearing business, and NTN and the European consolidated subsidiaries have cooperated with such investigation. The European Commission's decision was adopted following the settlement procedures under EU competition law. NTN Corporation will continue promoting business activities through fair and faithful competition by globally strengthening a system for thorough compliance with laws and regulations, social norms, ethics, and in-house rules, etc.