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EC fines five companies nearly $163 million for styrene cartel


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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