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Regions :: Eastern Europe :: Russia
Russia's antitrust authority fines an additional member of S-PVC price-fixing cartel
12:23 PM MST | January 3, 2014 | Francinia Protti-Alvarez
The Russian Federal Antimonopoly Service (FAS; Moscow) has fined Siberian Chemical Co. (SCC; Kazan) 123.5 million Russian rubles ($3.7 million) for the company's participation in a price-fixing cartel in the suspension polyvinyl chloride (S-PVC) market, FAS has announced. FAS found earlier that Sayanskhimplast (Sayansk, Russia); Kaustik—formerly Kaustik Sterlitamak (Sterlitamak, Russia)—and its parent Bashkhim (Moscow); SCC; Kaustik Volgograd (Volgograd) and its parent Nikhokhim (Moscow) and supplier Yedinaya Trading Co. (Moscow) had agreed to divide...
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