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International

EC fines five companies nearly $163 million for styrene cartel

November 30, 2022 Reprints

The European Commission fined five companies, including U.K.-based chemicals business Synthomer PLC, a total of €157 million ($162.9 million) for participating in a cartel that colluded over reducing the industry reference price of styrene between May 2012 and June 2018, Reuters reported. Other companies that were fined included U.S.-based Trinseo, Poland-based Synthos, Austrian firm Sunpor and Dutch company Synbra.

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EC fines five companies nearly $163 million for styrene cartel

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