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EU Probes Suspected Price Fixing in Chemicals
20 Jul
Summary
- European Commission launched an investigation into chemical product companies.
- Concerns exist regarding potential coordination of future price increases.
- Sika AG is among the companies being investigated by the EU.
The European Commission has launched an investigation into companies supplying chemical products for construction materials. This probe is examining suspicions of possible price fixing among these manufacturers.
Preliminary concerns indicate that these companies might have coordinated their strategies for future price increases. These increases would affect chemical additives and admixtures crucial for the construction sector. Sika AG is identified as one of the companies subject to this European Commission inquiry.
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