Crompton fined $57 million, unveils another ‘cartel’

By Patrick Raleigh ERJ On-line news editor

Middlebury, Connecticut-Crompton Corp. has reached settlements with authorities probing anti-competition practices in the North American rubber chemicals market, but has blown the whistle on yet another alleged ‘cartel.’

Crompton has now gained conditional amnesties from US, Canadian and European Union authorities with regard to its price-fixing activities in the “urethanes and urethane chemicals market”-as it has previously done with regard to EPDM and nitrile rubber.

Crompton’s urethanes and urethane chemicals business had sales of $286 million in 2003, supplying…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with