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Europe Daily Bulletin No. 8870

20 January 2005
Contents Publication in full By article 14 / 34
GENERAL NEWS / (eu) eu/competiton
Commission imposes € 216.91 million in fines on MCAA chemicals cartel

Brussels, 19/01/2005 (Agence Europe) - On Wednesday, the European Commission decided to fine Akzo Nobel, Atofina (now known as Arkema) and Hoechst a total of € 216.91 for operating a cartel in the market for Monochloroacetic Acid (MCAA). MCAA is a chemical intermediate used in the manufacture of detergents, adhesives, textile auxiliaries and thickeners used in foods, pharmaceuticals and cosmetics. The fines are broken down as follows: Akzo Nobel € 84.38 m, Atofina € 58.5 m, and Hoechst...

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