EU COURT CUTS ARKEMA’S CARTEL FINE
June 1st, 2011
BY MJ DESCHAMPS
FRENCH chemical producer Arkema won an appeal on June 7 to reduce a Euro EUR219.1 million fine imposed on the company and its subsidiaries for participating in a cartel for methacrylates, a plastic ingredient used to make acrylic glass. In May 2006, the European Commission found that Arkema and its subsidiaries - Altuglas International SA and Altumax Europe SAS - plus parent companies Total SA and Elf Aquitaine SA, had participated in the 1997-2002 cartel.
The European Court of Justice's (ECJ) General Court of the European Union has reduced the ...
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