TITLE

Japanese shrink film "cartel" raided

AUTHOR(S)
Yokomura, Tomomi
PUB. DATE
June 2007
SOURCE
ICIS Chemical Business;6/11/2007, Vol. 2 Issue 70, p54
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Japanese chemicals producers suspected of creating a price cartel for a shrink film used in food packaging have been raided by competition investigators. According to a Japan Fair Trade Commission (JFTC) official, among the firms searched were Kohjin, Toyo Chemical Co. and Okura Industrial. It says that the companies could be fined nearly 10 percent of their turnover at the time of the cartel, if found guilty.
ACCESSION #
25735704

 

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