Russia's FAS authority exposes PVC cartel

Richard Higgs

Published: January 8, 2013 6:00 am ET

Related to this story

Topics Materials, Public Policy, Suppliers

MOSCOW (Jan. 8, 10:25 a.m. ET) — Russia’s Federal Antimonopoly Service (FAS) has ruled that seven Russian PVC producers and suppliers violated competition law by concluding a cartel agreement to share out PVC production and sales in the national market.

In a statement, the head of FAS’s anti-cartel section Alexander Kinyov said that, in view of the income gained by the cartel members, the case will be passed to Russia’s Interior Ministry for criminal prosecution.

The companies involved are PVC producers Sayanskhimplast based in Sayansk, Irkutsk region; Kaustik (Sterlitamak) of the semi-autonomous Bashkortostan Republic and its Moscow-based parent group Bashkhim; Siberian Chemical Co.; Kaustik (Volgograd) and its Moscow-based parent Nikochem group and supplier United Trading Co. (JSC ETK).

FAS, which began its investigation last year, found that the firms set up the anticompetitive cartel back in 2005. They agreed to divide up the Russian suspension PVC market by categories of buyers, exchanging information and documents on the scope of production, sales and their customer databases.

The Russian antitrust authority has also been conducting investigations into suspected cartel agreements in the country’s soft cable compounds, caustic soda, chlorine and chlorinated paraffin wax markets.


Comments

Russia's FAS authority exposes PVC cartel

Richard Higgs

Published: January 8, 2013 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Image

P&G removing PE microbeads from its Crest brand toothpaste

September 18, 2014 1:57 pm ET

After months of prodding, Procter & Gamble Co., the makers of Crest brand toothpastes, say polyethlene microbeads will be completely removed from its ...    More

Image

Minnesota receives grant to help develop new bioplastics

September 17, 2014 4:08 pm ET

The University of Minnesota has received a $20 million grant to fund the development of new types of bioplastics.    More

Image

China's Polymax Elastomer launches U.S. production in Illinois

September 17, 2014 3:35 pm ET

Chinese materials maker Polymax Elastomer Technology Co. Ltd. has opened a North American production site and headquarters in Waukegan, Ill.    More

Image

PolyOne helps nonprofit get water purification to more places in need

September 17, 2014 1:59 pm ET

Resin giant PolyOne Corp. is teaming up with WaterStep, a non-profit water purification agency, to help the group assist a greater number of disaster ...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events