Mitsubishi, Tokai revoke carbon black alliance

Tokyo–Mitsubishi Chjemical Corp. and Tokai Carbon Co., Ltd. have decided to revoke the agreement on alliance of carbon black business disclosed on July 12, 2004 and to withdraw the relevant application for close examination by the Fair Trade Commission.

In a joint statement, the companies said this Commission “suggested that the alliance might substantially restrict competition in the Japanese domestic market that is presently short-supplied. After all possible attempts to solve the problem, both companies have eventually come to a conclusion that the current circumstances…

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