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DuPont to Pay $4 Million Fine for Price Fixing

3:34 PM MDT | July 25, 2007 | Chemical Week Editorial Staff

Canada’s Competition Bureau (Ottawa), says that DuPont Performance Elastomers has pleaded guilty and agreed to pay $4 million for its role in a conspiracy to fix prices of polychloroprene rubber. “From August 1999 to April 2002, Dupont and co-conspirators agreed to fix the prices of polychloroprene rubber sold in the North American market,” the competition bureau says. The Competition Bureau estimates the market was worth about $50 million during that time period, and that DuPont Performance Elastomers held about 70% of the market. In 2005, a...

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