IHS Chemical Week

European Authorities Fine Phosphate Producers for Price Fixing

10:31 AM MDT | August 3, 2010 | Ian Young

The European Commission has fined animal feed phosphate producers a combined €175.65 million ($227 million) for conspiring to fix prices in Western Europe “from as early as March 1969 until February 2004.” Several participants in the price-fixing cartel had their fines reduced or rescinded because they cooperated with the commission’s investigation. All but one participant had their fines cut by a further 10% because they agreed to settle the case with the commission and admitted their participation in the cartel, leading to a streamlined settlement...

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