SUBSCRIBE

Breaking News on Food & Beverage Development - EuropeUS edition | Asian edition

News > Market Trends

Read more breaking news

 

 

BASF waits for vitamin fine

21-Nov-2001

German fine chemicals company BASF AG does not know when the European Commission will make a decision based on its investigation into vitamin price fixing, company spokesman Harmut Unger said this week



This announcement follows earlier reports that Roche Holding AG, BASF AG andother chemical companies face record fines from the European Commission for fixing the price of vitamins.



"BASF knows that an investigation is in progress," said Unger, adding that the company is cooperating with Brussels.



Last year, BASF, Roche and Aventis SA paid 289 million euros in a settlement with the US authorities over vitamin price fixing.



"Speculation about the size of the fine does not make sense," stressed Unger amid rumours that the fine could reach staggering figures.

Live Supplier Webinars

Rethinking Fat Forum
William Reed Business Media

On demand Supplier Webinars

Your future starts at Cargill's T for Trends
Cargill Cocoa & Chocolate
Food testing — let automation take the strain
Qiagen
ETENIA™: Recognize True Milk Value
AVEBE
The FoodNavigator Salt Reduction Forum
William Reed Business Media
All supplier webinars