IHS Chemical Week

People & Business :: Corporate Social Responsibility

Brussels Fines Companies for Fixing Sodium Chlorate Prices

8:16 AM MDT | June 17, 2008 | Ian Young

The European Commission has fined three groups of companies a combined €79.07 million ($124 million) for conspiring to fix the price of sodium chlorate between 1994 and 2000. The companies are: Arkema and the former Elf Aquitaine, which received a combined fine of €59.02 million; Finnish Chemicals—a Kemira subsidiary—and Erikem, which were fined a combined €10.15 million; and Aragonesas and Uralita (Madrid), which were fined a combined €9.9 million. Akzo Nobel and its Eka Chemicals subsidiary also participated in the price-fixing...

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