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05/02/2009 - Manufacturers of synthetic rubber fined 34,2 million Euros for price fixing

Today, the European Commission imposed a fine of 34.2 million Euros to the industrial companies Bayer and Zeon for forming a price fixing cartel in the market of a type of synthetic rubber called NBR.
The cartel operated between the years 2000 and 2002, a period during which the German company Bayer and the Japanese company Zeon managed to increase or stabilize the prices by means of a series of meetings and other illegal contacts, according to that explained in a press release.

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