China has fined Johnson & Johnson, Bausch & Lomb Inc. and several other firms a combined 19.6 million yuan (US$3.17 million) for price fixing in the country’s contact lens and eye-glass market.
Some of the companies asked suppliers to sign a contract “strictly” adhering to their suggested retail prices, while others made resellers hold similar promotions at the same time to maintain prices at a certain level, the National Development and Reform Commission said in a statement on its website Thursday.
The firms would also offer retailers bonuses for sticking to the practices. Retailers that did not comply with requests might face a warning, fine, or even a suspension of supply, the statement said.
The authorities also investigated the contact lens and eye-glass lens units of Essilor International SA (EI), Nikon Corp., Carl Zeiss Meditec AG, Hoya Corp. and Shanghai Weicon Optics Co..
Chinese regulators have stepped up price-fixing checks on local and international companies since last year. Six infant formula companies, including Mead Johnson Nutrition Co. and Danone were fined a combined 669 million yuan for violating anti-monopoly laws last August.
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