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

Study: 100 times less plastic than expected polluting ocean surface

July 23, 2014 3:46 pm ET

There's as much as 100 times less plastic floating on surface of the world's oceans than would be expected given the mushrooming use of the material...    More

Image

Molder provides quality parts and quality work for disabled adults

July 23, 2014 2:40 pm ET

Coarc Manufacturing Inc. does injection molding, assembly and all of the work of traditional manufacturer, but it also serves as part of Coarc Inc. a ...    More

Image

Asia to remain chemical giant but US shale will bring competition

July 23, 2014 1:00 pm ET

A new IHS Chemical report on global spending for chemical production predicts capacity additions will peak in 2014 at $120 billion and then will...    More

Image

DuPont quarterly sales drop, income rises

July 23, 2014 12:46 pm ET

DuPont Co.'s sales and net income experienced slight changes for the second quarter 2014, as operating earnings dropped to $1.17 per share in the...    More

OSHA probes alleged asthma link to Lear's Selma, Ala., plant

July 23, 2014 11:58 am ET

U.S. foam manufacturer Renosol Seating LLC is being investigated following allegations its workers are at risk of asthma from TDI exposure at its plan...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

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

Upcoming Plastics News Events

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

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

More Events