Russia's FAS authority exposes PVC cartel

Richard Higgs

Published: January 8, 2013 6:00 am ET

Related to this story

Topics Public Policy, Materials, 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

Indorama's purchase of Sasa to give wider access to multiple markets

April 16, 2014 10:07 am ET

PET maker Indorama Ventures Public Co. Ltd. is expanding in Turkey with the acquisition of a majority of Sasa Polyester Sanayi.    More

With European Parliament vote looming, official urges bag restriction

April 16, 2014 9:56 am ET

Janez Potocnik, Europe's commissioner for the environment, told the European Parliament April 15 that plastic shopping bags are a “highly...    More

Axiall resumes operations at damaged Lake Charles PVC feedstock plant

April 15, 2014 4:41 pm ET

Axiall Corp. has resumed operations at its PVC feedstock plant that was damaged by a fire in December.
More

Image

Power failure shuts down two PE resin units in Texas

April 15, 2014 3:35 pm ET

Two polyethylene resin units operated by Chevron Phillips Chemical Co. LP in Baytown, Texas, were closed from April 8-11 because of a power failure.    More

Shell Chemical to host public meetings to discuss plans in Pennsylvania

April 15, 2014 3:27 pm ET

Shell Chemical LP will host two public meetings on April 16 to discuss the possibility of building a major petrochemicals plant in the Pittsburgh area...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events