Brussels -- In spite of Recticel's action when the cartel was uncovered, the company's CEO Olivier Chapelle expects to be sued for damages, he told UTECH-polyurethane.com/Urethanes Technology International magazine.
The European Commission fined Recticel, Carpenter, Greiner and Eurofoam a total of EUR114m ($155m) for their part in a foam cartel. Vita, which alerted the Commission, escaped a fine.
Olivier Chapelle, Recticel CEO, confirmed that the company dealt with its staff over the issue at the time but refused to confirm whether the investigation prompted disciplinary proceedings or dismissals within the company.
Asked whether criminal proceedings had been issued he said "so far no" and added that Recticel "operates in countries where these actions do not lead to criminal convictions. "
Asked whether any of its customers had issued civil proceedings Chapelle said: "We do not know of any but I am sure that as in each of these situations, someone will try."
He also told the magazine: "We have taken measures over the last 42 months related to the situation to make sure that the message has gone through."
