The EU Commission fines 5 styrene purchasers €157M for price fixing and exchanging sensitive commercial information (Sunpor / Synbra / Synthomer / Synthos / Trinseo / INEOS)

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EU Commission, Sunpor / Synbra / Synthomer / Synthos / Trinseo / INEOS, Press Release, 29 November 2022

Antitrust: Commission fines styrene purchasers €157 million in cartel settlement* The European Commission has fined Sunpor, Synbra, Synthomer, Synthos and Trinseo a total of €157 million for participating in a cartel concerning purchases on the styrene monomer merchant market. INEOS was not fined as it revealed the cartel to the Commission under the leniency programme. All six companies admitted their involvement in the cartel and agreed to settle the case. The infringement The product concerned by the cartel is styrene monomer (‘styrene'), which is an intermediate chemical product that serves as a key input for many other chemicals, such as plastics, resins, rubbers and latexes. The six buyers of styrene exchanged sensitive commercial information and coordinated their negotiation

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  • European Commission - DG COMP (Brussels)
    Belgium 1229 contributions 2520895 visits

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European Commission, The EU Commission fines 5 styrene purchasers €157M for price fixing and exchanging sensitive commercial information (Sunpor / Synbra / Synthomer / Synthos / Trinseo / INEOS), 29 November 2022, e-Competitions November 2022, Art. N° 109827

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