Şişecam and Karacalar Hit with Shock Fines from the Competition Authority

The Turkish Competition Authority, which operates to maintain competition in Turkey, has issued a historic penalty decision for Türkiye Şişe ve Cam Fabrikaları AŞ (ŞİŞECAM) and its subsidiary Şişecam Çevre Sistemleri AŞ. The Authority approved an administrative monetary fine totaling 3 billion 154 million 657 thousand 221 lira. The details of the allegations that led to this fine emerged as a result of an extensive investigation process.

Among the justifications for this fine is the impact of actions contrary to market regulations. The Competition Authority determined that ŞİŞECAM and its subsidiary engaged in activities that violate competition, highlighting that this situation harmed other players in the sector. The Authority also emphasized that necessary sanctions should be applied to prevent such violations in accordance with principles focused on the protection of competition.

Additionally, the Competition Authority imposed an administrative fine of 1 million 947 thousand 469.47 lira on Karacalar Nakliyat Oto Geri Dönüşüm Sanayi ve Ticaret Ltd. Şti.. This penalty was similarly issued due to competition violations and is deemed important for the healthy functioning of sector dynamics. The board of directors reiterated the significance of the competition rules established in consideration of market conditions through the decisions taken regarding both companies.

The Competition Authority's decisions serve as a warning to other firms in the sector. The protection of competition is regarded not only as a legal obligation but also as a critical element for sectoral development. It is expected that the relevant companies will act in accordance with competition rules in the future. Otherwise, it is anticipated that similar sanctions may be repeated.