Nippon Sheet's Pilkington to appeal cartel penalty

Japan's major glass maker, Nippon Sheet Glass Co., said on Tuesday its British unit, Pilkington, would appeal a 370 million euro cartel penalty imposed by the European Commission.

Nippon Sheet Glass, which makes sheet glass for cars and buildings, said in a statement it would keep unchanged its earnings guidance for this year, which allows for the penalty, as it expected any court decision on the appeal to come after that ends in March, according to a Dec. 17 Reuters report.

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