EU Fines Calcium Carbide Suppliers €61M Over Cartel

Law360, New York (July 22, 2009, 3:24 PM EDT) -- The European Commission has levied fines of more than €61 million ($86.9 million) against a number of calcium carbide and magnesium-based regent suppliers that allegedly formed a price-fixing cartel.

The EC, which announced the fines Wednesday, said that Almamet, Donau Chemie, Ecka Granulate, Novacke chemicke zavody AS and its former parent 1.garantovaná, SKW Stahl-Metallurgie GmbH and its former parent companies Evonik Degussa and Arques Industries, Akzo Nobel NV, and TDR Metalurgija shared the market, allocated customers and agreed to price increases from 2004 to 2007....
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