Honeywell, DuPont Coolant Pact May Violate Antitrust Law: EU
By Allissa Wickham (October 21, 2014, 3:25 PM EDT) -- The European Commission announced Tuesday that it believes Honeywell International Inc. and E.I. DuPont de Nemours and Co. may have violated antitrust rules by allegedly limiting the production and development of a new environmentally friendly refrigerant used in car air-conditioning systems.
The antitrust regulator said it has sent a statement of objections to DuPont and Honeywell over agreements the companies purportedly made in 2010, which may have hurt competition in the market for the refrigerant R-1234yf, according to the EC.
"The commission's provisional finding is that the cooperation between Honeywell and DuPont on production of R-1234yf has reduced their decision-making independence...
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