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FTC to order scrapping of petrochemical price cartel.

Publication: Japan Weekly Monitor
Publication Date: 04-JUN-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, May 28 Kyodo

The Fair Trade Commission (FTC) will order seven major petrochemical firms, including Sumitomo Chemical Co. and Japan Polychem Corp., to scrap a polypropylene price cartel and pay billions of yen in penalties, sources familiar with the case said Monday.

The other five companies are Grand...

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