The NewStandard ceased publishing on April 27, 2007.

U.S. Chemical Companies Involved In Price-Fixing Scheme

by C.P. Pandya

June 22, 2004 – The chemical industries of the US, Europe and Japan are being investigated by US and European officials who allege chemical companies have conspired to artificially boost prices of chemicals used to make plastic, rubber and other synthetic material. The chemical prices affect the end price of furniture products, automobiles and a variety of other goods. The investigation into the price-fixing has been going on for two years, but as regulators uncover more of the scandal, larger companies have been implicated, including US-based companies Dow Chemical and Crompton. Bayer and Dupont, of Europe, have also been named in the probe.

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The NewStandard ceased publishing on April 27, 2007.

C.P. Pandya is a contributing journalist.

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