IHS Chemical Week

Regions :: Western Europe :: Belgium

Europe’s ‘Paraffin Mafia’ Is Punished

12:28 PM MDT | October 3, 2008 | Chemical Week Editorial Staff

The European Commission has fined nine companies a combined €676 million ($974 million) for conspiring to fix prices of paraffin wax between 1992 and 2005. Sasol, Total, and ExxonMobil received the highest fines of €318.2 million, €128.2 million, and €83.6 million, respectively. The other fined companies are ENI (Rome), Hansen & Rosenthal (Hamburg), MOL (Budapest), Repsol, RWE (Essen, Germany), and Tudapetrol (Hamburg). Shell was also a member of the price-fixing cartel but its €96-million fine was rescinded because the company...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa