A company has been fined $361,000 for making false or misleading and unsubstantiated representations about its earthquake grade steel mesh products.
Euro Corporation Limited (Euro) steel mesh, known as SE615, were the target of a Commerce Commission prosecution under the Fair Trading Act.
The company pleaded guilty to making false or misleading and unsubstantiated representations for SE615, which it marketed and sold as being earthquake grade steel mesh between January 2012 and August 2015.
Auckland District Court Judge M E Sharp sentenced Euro on 14 charges and fined the company $361,000.
It was the final company to be sentenced after a series of investigations into steel mesh by the Commerce Commission in 2015 and 2016. Other corporates to face court action have included Steel and Tube Limited, Brilliance Steel Limited and Timber King Limited and NZ Steel Distributor Limited.