weather forecast Wednesday: A cold day with sunny spells. Remaining around 0º during the day and frost at night
 
Home| News| Dictionary| Features| International| Expats| RSS| Newsletter
  adodlongad.gif
««« previousnext »»»

Akzo Nobel fined for cartel forming

Wednesday 11 November 2009

Chemicals group Akzo Nobel is one of 10 companies fined by European competition commissioner Neelie Kroes for cartel forming between 1987 and 2000.

Akzo Nobel has been ordered to pay some €40m out of a total bill of €173m. Other companies in the cartel for plastics additives were Ciba, part of the BASF group and Total subsidiary Elf Aquitaine.

'They allocated markets between themselves. They shared customers,' Kroes said at a news conference. 'And they exchanged commercially sensitive information. Their aim was to deny customers throughout the EEA a competitive choice, with all that implies for prices.'

For Kroes' statement, click here

© DutchNews.nl


Get the DutchNews.nl newsletter in your mailbox: Click here to subscribe



Print-version

Readers' comments

I'd like to ask anyone who works in dutch company (like Akzo, Tomtom, Ahold) What is with the work culture there? Is anything allowed? Any standards of not mistreating employees, or customers? Any values above monetary matters? I'm so happy to stick with American branches here, as any interaction with local corporations - yaiks.

By Jonbo | November 11, 2009 3:05 PM


I have been suggesting a name change for them for some time ....

Arn'tSo Noble

By Gerard | November 11, 2009 9:52 PM


Place your comments:

*
* (will not be published)

Postings which contain racist, sexist or homophobic language or which insult other correspondents will not be published. Publication is at the discretion of the editor and DutchNews.nl reserves the right to edit or shorten comments.

election2010new.jpg
 
Banner_expataward2010_skyscraper_vote.gif
 
 
 
boatskyscraper.png
 
Advertising| Business services| Mobile| Tell a Friend| Donate| Contact| About us
 
Click hereClick hereClick here
Hosted by Qweb.nl
Click here