1 Nov 2024

Commission files proceedings against GIB manufacturer

From Nine To Noon, 9:05 am on 1 November 2024
Person wearing protective gloves grabbing a sheet of chip board for use in interior building construction in a close up on the hands

Photo: 123rf

The Commerce Commission has filed proceedings against GIB manufacturer Winstone Wallboards for anti-competitive behaviour.

The watchdog says Winstone's use of rebates after purchases to damage competition led to  higher prices for consumers between 2017 and 2022.

The commission says it has filed proceedings under sections 27 and 36 of the Commerce Act in the Auckland High Court against the company, which is a subsidiary of Fletcher Building.

Gyles Beckford is RNZ's business editor.

Get the RNZ app

for easy access to all your favourite programmes

Subscribe to Nine To Noon

Podcast (MP3) Oggcast (Vorbis)