Solvay Chemicals fined $2.5 Million for price-fixing

Posted on May 12, 2010

The Competition Bureau announced today that Solvay Chemicals Inc. has been fined $2.5 million by the Federal Court after the company pleaded guilty to criminal charges for fixing the price of hydrogen peroxide sold in Canada. Solvay Chemicals Inc. is the second party to plead guilty in this alleged price-fixing conspiracy. The Bureau's investigation of other companies alleged to be participants in the conspiracy is ongoing.

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