Feb 17 2003
Over 14 companies in over 9 countries suspected of price fixing of PVC were raided by anti-trust investigators on Wednesday. Investigators from the US, Europe, Japan and Canada co-ordinated raids to maximize the element of surprise.
Chemical giants Akzo Nobel and Rohm and Haas are both amongst the 14 companies raided and have confirmed that they are assisting investigators with their enquiries. In Japan, impact modifier chemical manufacturers Mitsubishi Rayon Co, Kureha Chemical Industry Co Ltd and Kaneka Corp were also raided.
Raids have also taken place in France, the Netherlands, Germany, Italy and the UK.
Investigators are attempting to ascertain whether or not the companies under investigation were part of a cartel agreement involved in illegal practices relating to price fixing and market sharing for PVC and related products.
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