European Commission fines 16 bag makers for price fixing.(News) From: Plastics News | Date: December 12, 2005| Author: Higgs, Richard | COPYRIGHT 2005 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Byline: Richard Higgs

The European Commission has slapped fines totaling 290 million euros ($339 million) on 16 industrial plastic bag makers for operating a price-fixing cartel, some of them for more than 20 years.

A three-year probe into bag sector practices found that sales directors and even managing directors of competing suppliers, often meeting at their trade association Valveplast, secretly agreed on sales prices for Germany, France, Spain and the Bene...

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