Japan FTC To Fine Mitsubishi, Sekisui $108M: Report

Law360, New York (February 17, 2009, 12:00 AM EST) -- The Japan Fair Trade Commission will reportedly fine chemical companies Sekisui Chemical Co. and Mitsubishi Plastics Inc. a total of 10 billion yen ($108 million) for allegedly taking part in a cartel to fix the prices of vinyl chloride pipes.

Sekisui will likely pay around 7 billion yen ($76 million) and Mitsubishi will likely pay around 3 billion yen ($32 million) for allegedly violating Japan's anti-monopoly law, Nikkei reported Monday, citing sources in the commission. Sekisui's fine is the largest the commission has levied so far....
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