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Article: CHEMICALS : STIFF FINES FOR CALCIUM AND MAGNESIUM CARTEL.
- Article from:
- Europe Environment
- Article date:
- September 3, 2009
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Nine European companies have been fined a total of 61,120,000 for taking part for three years in a cartel that harmonised prices and divided up the market for calcium carbide and magnesium reagents. These practices violate the ban on cartels and restrictive business practices under the EC Treaty (Article 81). Commenting on the European Commission's decision, Competition Commissioner Neelie Kroes stated, on 22 July, that "industrial customers all over Europe suffered from this cartel for several years. The Commission will not tolerate such economic damage to Europe's industrial base".
The following fines were imposed:
- Almamet (Germany): 3,040,000
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