Today the Commission handed down its decision imposing fines totaling EUR 114 million on Vita, Carpenter, Recticel and Eurofoam, all major producers of flexible polyurethane foam, for their participation in a cartel. The Commission found that the companies colluded to coordinate the sales prices of various types of foam for nearly five years, from October 2005 until July 2010, in 10 Member States. According to the Commission, the aim of the cartel was to pass on raw material price increases of bulk chemicals to customers and avoid aggressive price competition between the four producers. Vita received full immunity for revealing the existence of the cartel and thereby avoided a fine of EUR 61.7 million for its participation in the infringement. Eurofoam (a joint venture between Recticel and Greiner Holding AG), Recticel and Greiner received reductions of their fines for their cooperation in the investigation under the Commission's leniency programme. Furthermore, since all companies agreed to settle the case with the Commission, their fines were further reduced by 10%. Source: Commission Press Release 29/01/2014