EU Fines PVC Heat Stabilizer Cartel $259M

Law360, New York (November 11, 2009, 5:05 PM EST) -- The European Union's antitrust watchdog has slapped 24 companies that produce chemicals used to make polyvinyl chloride products more heat resistant with a collective €173.9 million in fines for alleged price-fixing in the market for tin and heat stabilizers.

The European Commission said Wednesday that between 1987 and 2000, the plastic additive companies fixed prices, shared customers, allocated markets and exchanged sensitive commercial information for tin and heat stabilizers in the European Economic Area.

Heat stabilizers are solid or liquid chemicals that companies add to PVC...
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