Business · Companies · 13 hrs ago
Turkey fines seven wood-products companies 1.3 billion lira over tenders
Turkey’s Competition Authority has fined seven wood-products companies 1.3 billion lira over tenders for wood-based products.
The tenders were run by the General Directorate of Forestry.
The companies make MDF and particleboard, materials used in furniture and construction.
The authority said they coordinated their actions in the tenders, violating competition law.
Six companies settled during the investigation, while Yıldız Entegre was fined after the standard investigation process.
The fines range from about 23 million to 515 million lira, and the authority gave no further steps in the announcement.
Turkey’s Competition Authority fined seven wood-products companies a total of 1.3 billion lira over alleged collusion in timber-product sales tenders.
The tenders were organized by the General Directorate of Forestry.
The companies operate in the medium-density fibreboard and particleboard sector.
Six companies reached settlements during the investigation and were fined.
Yıldız Entegre was fined after a regular investigation process.
- Who
- Turkey’s Competition Authority fined seven wood-products companies.
- What
- The companies received administrative fines totaling 1.3 billion lira over alleged collusion in tenders.
- When
- The report was published on October 26, 2026. The date of the authority’s decision is not stated.
- Where
- The tenders were organized by Turkey’s General Directorate of Forestry.
- Why
- The authority investigated whether companies colluded in tenders for the sale of wood-based products, violating competition law.
This story does not have two clearly opposing sides.
The Competition Authority opened an investigation into whether companies colluded in wood-based product sales tenders.
Some parties entered a settlement process.
Habertürk reported that seven companies had been fined a total of 1.3 billion lira.
- Total fines
- 1.3 billion lira
- Companies fined
- 7
- Kastamonu Entegre fine
- 514,840,565 lira
- Yıldız Entegre fine
- 469,894,576 lira
- Tender organizer
- General Directorate of Forestry
What people are saying
the investigation concerning these parties was concluded through the settlement procedure