Know what you want? Try our 'Supplier Directory' 

Danfoss says "top management unaware" of any cartel links

DANFOSS says top management is unaware of any possible compressor price fixing, following anti-trust raids of the company's offices.
Danfoss says
Competition authorities paid unannounced visits to Danfoss in Nordborg in Denmark, Flensburg in Germany and several of Danfoss’s companies in the US on February 17, as part of a global investigation into an alleged compressor cartel involving cooling sector companies.

Referring to the series of surprise visits, Ole Daugbjerg, chief reputation officer, said: ”We are 100% certain that the top management of Danfoss is completely unaware of any possible entrance into such an agreement. Therefore, we are closely monitoring the investigation, and there should be no doubt that it will also have implications within Danfoss if employees have taken part in any kind of illegal and anti-competitive activities.”

Daugbjerg stressed Danfoss would be very surprised if the worldwide investigation shows that the company or some employees have been involved in a cartel.

He added: 'Danfoss is of course cooperating fully with the authorities concerning the searches and investigations which are carried out in this sort of case where competition authorities are investigating an entire sector. It is obvious that the spotlight has been turned on Danfoss too, because we are one of the big players in this market.'

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...


Thunder: the full inverter reversible R290 heat pump from 40 to 85 kW

Thunder is the newest solution from Clivet, designed with full-inverter technology on latest-generation scroll compressors and axial fans....


Extending the application range of the SEC HD - Electric Expansion Valve Controller Heavy Duty Series

The SEC-HD is now compatible with variety of applications using CO2, hydrocarbon, and HFC refrigerants. Users can select from a range of pressure transducers tailored to their specific application and market requirements.
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News


BESA National Conference