Canada Fines Solvay $2.5M For Peroxide Price-Fixing

Law360, New York (May 12, 2010, 7:27 PM EDT) -- Canada's Competition Bureau announced Wednesday it had fined Solvay Chemicals Inc. CA$2.5 million ($2.45 million) after the company pled guilty to fixing the price of hydrogen peroxide in Canada.

The bureau had accused Solvay of conspiring with its competitors to fix prices between July 1998 and December 1999. During that period, it netted $15 million in hydrogen peroxide sales, according to the bureau.

“Price-fixing is a crime that deprives consumers and businesses of lower prices and product choice,” said Competition Commissioner Melanie Aitken. “Eliminating illegal cartels...
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