"Commission adopts eight new decisions imposing fines on hard-core cartels - 1. The sodium gluconate cartel"* Following-up on two Decisions adopted earlier in the year 2001 (DecisionsSAS-MaerskandGraphite electrodes, both adopted on 18 July 2001: see Competition Newsletter 2001, Issue n°3), the Commission adopted during the second semester of 2001 eight new Decisions under Article 81(1) of the Treaty and (in most cases) Article 53(1) of the EEA Agreement, imposing heavy fines on a string of hard core cartels. The products concerned by the illegal market-sharing and price-fixing agreements ranged from vitamins and food additives (citric acid) to financial services (currency exchange charges) and from beverage products (beer) to paper and chemicals (sodium gluconate, zinc phosphate).
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The EU Commission imposes a fine of €57.53 million on companies active in the chemical industry for fixing the price and sharing the market and grants for the first time a reduction of fine pursuant to Section B of its leniency notice (Sodium gluconate cartel)
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