Commission fines cartel companies

Ovrebekk, Hilde; Gibson, Jane
December 2006
ICIS Chemical Business;12/4/2006, Vol. 1 Issue 46, p5
Trade Publication
The article reports that the European Commission has fined chemical companies and traders for running a styrene butadiene rubber and emulsion styrene butadiene rubber cartel from 1996 to 2002. Companies include in the cartel case are Eni, Bayer, Shell, Dow, Unipetrol and Trade-Stomil. According to Neelie Kroes, the European Commission competition commissioner, the Commission imposed high fines in this case, but if companies continue to indulge in cartel activities, they can expect their fines to be even higher in the future.


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