EUROPEAN COMMISSON BLEACHING CHEMICAL CARTEL FINES
May 1st, 2006
BY KEITH NUTHALL
THE EUROPEAN Commission has fined seven companies Euro 388 million for forging a bleaching chemical cartel, which raised prices for customers, including the cosmetics and detergent sectors. The cartel swapped important commercially confidential information, limited production, allocated market shares and customers, while fixing and monitoring prices for hydrogen peroxide (HP) and perborate (PBS) from 1994 to 2000. HP is widely used to bleach hair, while PBS helps make synthetic detergents. Akzo Nobel, Edison, FMC/Foret, Kemira, Snia, Solvay and ...
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