Akzo Nobel fined $3.15 million for price fixing

Posted on November 24, 2008

Canada's Competition Bureau announced on November 21, 2008 that Akzo Nobel Chemicals International BV had pled guilty to criminal charges for fixing the price of hydrogen peroxide sold in Canada between 1998 and 2001, and agreed to pay a C$3.15 million fine.

Sales of the product in Canada during that period were approximately C$470 million, and Akzo Nobel accounted for approximately 5% of Canadian sales. The Bureau's release revealed that the company had cooperated in the investigation, and that the Bureau's investigation of the international conspiracy is ongoing.

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