Clariant, Celanese, Orbia fined almost USD300 million for participation in EU ethylene-purchasing cartel

Clariant, Celanese, Orbia fined almost USD300 million for participation in EU ethylene-purchasing cartel
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16.07.2020

MOSCOW (MRC) -- Clariant, Celanese, and Orbia have been fined a total of EUR260 million (USD296 million) by the European Commission for breaching EU competition rules by participating in a cartel related to ethylene purchases in Europe, said Chemweek.Westlake, which also participated in the cartel, received full immunity by revealing the breach, avoiding an aggregate fine of about EUR190

Full article at mrcplast.com

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