TITLE

'Cartel' firms raided by Japan fair trade officers

AUTHOR(S)
Kovac, Matt; Yokomura, Tomomi
PUB. DATE
November 2006
SOURCE
ICIS Chemical Business;11/20/2006, Vol. 1 Issue 44, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the raid of eight chemical firms last week, by Japan's Fair Trade Commission, on suspicion of forming a price cartel for polyethylene pipes, a contravention of the anti-monopoly act. Mitsui Chemicals, Hitachi Metals, Mitsubishi Plastics, Nippon Chutetsukan, Sekisui Chemical and Kubota Cl have been accused of raising prices for the pipes by as much as 20% over the past two years.
ACCESSION #
23272135

 

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