EUROPEAN COMMISSION LAUNCHED CARTEL PROBE INTO LEATHER PROCESSING CHEMICAL
March 1st, 2009
BY KEITH NUTHALL
THE EUROPEAN Commission has launched an investigation into an alleged cartel for heat stabilisers epoxidised soybean oil (ESBO) esters and tin stabilisers, both used in leather production. Brussels has released scant details, referring only to "restrictive business practices", but such cases usually involve alleged price and market share fixing, artificially inflating or protecting prices. The Commission also refused to name the companies under investigation, although Dutch chemicals giant Akzo Nobel later confirmed it had received ...
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