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Business
Peroxide fines hit companies
May 8, 2006
| A version of this story appeared in
Volume 84, Issue 19
Six European chemical companies have been hit by the European Commission with a total of $490 million in fines related to a cartel that operated in the peroxygen chemicals sector in the late 1990s. Solvay says it considers its fine of $241 million "excessive" and that it plans to appeal. Kemira and Akzo Nobel say they are studying fines of $41 million and $32 million, respectively. Others fined were FMC Foret, Arkema, and Snia.
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