The European Commission fines a cartel in the sorbates industry

"Commission adopts cartel decision imposing fines in sorbates cartel"* In a decision adopted on 1 October 2003, the European Commission found that Hoechst AG, Chisso Corporation, Daicel Chemical Industries Ltd, Nippon Synthetic Chemical Industry Co Ltd and Ueno Fine Chemicals Industry Ltd operated a cartel in the sorbates market between 1979 and 1996. The companies were fined a total of 138,4 million. Chisso escaped a fine altogether, because it was the first to provide crucial evidence that helped the Commission to prove the existence of the cartel. Summary of the infringement The individual fines imposed on the companies are the following: Hoechst AG 99 million, Daicel Chemical Industries Ltd 16,6 million, Ueno Fine

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  • DG COMP (Brussels)

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Bjarke List, The European Commission fines a cartel in the sorbates industry, 1 October 2003, e-Competitions October 2003, Art. N° 36902

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