MEXICO CITY.- Three companies that manufacture feminine sanitary protection products, baby diapers and incontinence, specifically Kimberly Clark de México, Essity Higiene y Salud México and Productos Internacionales Mabe, were subject to a fine by the Federal Economic Competition Commission (Cofece) for absolute monopolistic practices in those markets.

The financial penalty to be paid by the three companies, as well as nine people individuals who acted on behalf of the companies, amounted to 313 million 473 thousand pesos.

The calculation of the fine was based on the fact that the sanctioned conducts caused harm to the people of approximately one thousand 567 million 36 thousand 589 pesos in the market for baby and adult diapers, as well as feminine towels, since this affected the conditions of supply of products in Mexico.

After the Commission opened an ex officio investigation against these three companies in 2017, it determined that “the collusion to agree on prices for baby diapers and products for incontinence was carried out from February 2008 to June 2014 and KCM, International Products and Essity Mexico participated.

“In the case of feminine sanitary protection products, the practice occurred from September 2011 to June 2014 and KCM and Essity México participated ”.

The Commission stated that “the economic agents that produce and market these products in the wholesale market colluded to manipulate sales prices to supermarkets and wholesale stores instead of competing “.

Disclaimer: If you need to update/edit/remove this news or article then please contact our support team Learn more

Then24

The News 24 is the place where you get news about the World. we cover almost every topic so that you don’t need to find other sites.

Leave a Reply