Markets :: Basic Chemicals :: Petrochemicals :: Propylene
Sasol Polymers Settles Price Fixing Suit
7:09 PM MST | December 14, 2010 | Lindsey Bewley
Sasol Polymers says it has agreed to a R 111.6 million settlement ($16.4 million) with the South African Competition Commission in relation to its existing propylene supply agreement with plastics manufacturer Safripol (Bryanston, South Africa). Pricing provisions of the supply agreement gave rise to indirect price fixing between Sasol Polymers and Safripol, the commission says. The supply agreement was established in 1993 pursuant to concerns raised by Safripol in relation to the proposed merger of Sasol and specialty chemical producer AECI (Woodmead...
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