13 July 2011 13:35 [Source: ICIS news]
LONDON (ICIS)--The General Court of the EU has confirmed European Commission fines of €160.9m ($226.6m) and €64.6m will be imposed on Shell group companies in the Netherlands and US-based Dow Chemical, respectively, for participation in a synthetic rubber cartel, the court said on Wednesday.
However, a fine jointly imposed on ?xml:namespace>
Additionally, a fine of €17.6m levied against the
The fines were announced by the Commission in November 2006, after an anti-trust investigation of the styrene butadiene and emulsion styrene butadiene markets.
Levied against the five companies, the fines were for price-fixing and sharing customers for synthetic rubber supplies used to make tyres, footwear soles and golf balls between 1996 and 2002.
($1 = €0.71)
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