Tetra Pak was one of the first foreign companies to enter China, in 1972

Tetra Pak was one of the first foreign companies to enter China, in 1972

Tetra Pak has said it will not appeal a CNY668m (US$97m) fine imposed by the Chinese government after a three-year investigation.

The packaging firm said it was "disappointed" with today's decision, which Reuters reported was for an abuse of Tetra Pak's dominant market position in the country.

The investigation, by the State Administration for Industry and Commerce (SAIC), dates back to 2013, a Tetra Pak spokesperson told just-drinks. The spokesperson declined to give details of the investigation but said it was "in relation to a few defined areas of activity".

In a statement today, the group said: It is imperative to Tetra Pak to comply with all relevant regulations in the countries in which we operate. Since China introduced its competition legislation in 2008, we have adjusted our business practices to ensure compliance and, up to now, we were convinced that effort had been successful. Unfortunately, the SAIC investigation has concluded that not to be the case in relation to a few defined areas of activity.

"We will take action as necessary to ensure compliance with the legislation."

Tetra Pak has been in China since 1972 and was one of the first foreign firms to operate in the country after the Communist Party came to power.

Last month, the company launched a report on how to market new products aimed at the over-60s. The demographic is the fastest-growing consumer age group and is seeing its spending power increase, Tetra Pak concluded.