ERROR 1
ERROR 1
ERROR 2
ERROR 2
ERROR 2
ERROR 2
ERROR 2
Password and Confirm password must match.
If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)
ERROR 2
ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.
Celanese has agreed to pay $107 million to settle claims that it participated in a scheme to fix U.S. prices for polyester staple fiber. About 30 textile mills charged that Celanese had engaged in anticompetitive behavior prior to 1998, when the firm sold its polyester fiber business to Koch Industries. Celanese says the settlement resolves a "substantial portion of the company's potential exposure" to legacy polyester fiber claims. Celanese was spun out of Hoechst in 1999 and retained its polyester price-fixing liabilities.
Join the conversation
Contact the reporter
Submit a Letter to the Editor for publication
Engage with us on Twitter