EC raids polyurethane producers on suspected cartel activities

03 August 2010 12:10  [Source: ICIS news]

LONDON (ICIS)--European Commission officials have carried out unannounced inspections at the premises of several polyurethane foam producers in several member states on suspicion of breaching European antitrust rules, the EU said on Tuesday.

The Commission said it had reason to believe that the companies concerned may have violated European antitrust rules that prohibit cartels and restrictive business practices. The first raids took place on 27 July.

Unannounced inspections are a preliminary step into suspected anti-competitive practices, said the Commission. There is no legal deadline to complete inquiries into anti-competitive conduct.

It did not reveal the names or number of companies involved in the suspected cartel.

UK polyurethane manufacturer Vitafoam said it was not aware of the raids and a spokesperson at eastern European foam manufacturer Eurofoam said the company had no comment. ICIS was unable to get immediate comment from other players in the market.

Heidi Finch contributed to this article

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By: Hilde Ovrebekk
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