The Commission cleared the creation of a joint venture between Austria’s Wienerberger Zielgelindustrie AG and Germany’s Starck GmbH…

Date: 07/03/1996

...to pool their production units in synthetic corundum. While finding that the group's share in this specific market will be as high as 40&percent;, the Commission agreed that they would face stiff competition from other international groups and Chinese exporters.