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Image header Agence Europe
Europe Daily Bulletin No. 9586
Contents Publication in full By article 8 / 31
GENERAL NEWS / (eu) eu/competition

Commission fines cartel members on synthetic rubber market €34.2 million

Brussels, 23/01/2008 (Agence Europe) - On Wednesday 23 January, the European Commission imposed fines totalling € 34 230 000 on the Bayer (Germany) and Zeon (Japan) groups for fixing prices for Nitrile Butadiene Rubber (NBR). This is the fourth fine imposed on synthetic rubber producers in three years.

NBR is used mainly in car manufacturing for fuel and oil handling hoses, seals, o-rings and water handling applications. Between late 2000 and 2002, Bayer and Zeon managed to raise, or...

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