Get
powerful protection from harmful adware and spyware that can lead to identity
theft!
|
|
|
|
   
|
||||||
|
|
2006-05-03 News Headlines
Solvay chemicals group may appeal EC decision International chemicals and pharmaceutical group SOLVAY considers appealing and challenging the EC decision on Peroxygen competition case.
Solvay was informed today about a European Commission decision to impose a fine in the aggregate of EUR 193 million on the Solvay Group in relation with a cartel in the peroxygen sector in the European Union, dating back to the end of the nineties. The amount includes EUR 26 million for Solvay Solexis SA (Ausimont SpA before 2002), jointly and severally with Edison SpA. The reserves constituted in 2004 and 2005 on the basis of our understanding of the European Commission’s statement of objections cover the amount of the fine. Consequently the fine will not affect the Q1 06 results that will be announced on May 9th 2006, nor 2006 results as a whole. Solvay has been actively co-operating with the European Commission in the course of its enquiry. Despite the frankness of its timely co-operation with the Commission, the Group believes that the sanction does not seem to integrate appropriately the arguments put forward by Solvay. Consequently, Solvay considers the fine as excessive and will analyze the decision with the intention to challenge it before the EU Tribunal of first instance in Luxembourg. This situation results from reprehensible behaviour of some individuals
and is in contradiction with the rules and policies of the Group and its
Board. Solvay condemns illicit cartels and is committed to healthy competition.
Solvay has reinforced its internal compliance program aimed at ensuring
complete conformity with competition law. SOLVAY is an international chemical and pharmaceutical Group with headquarters
in Brussels. It employs some 30,000 people in 50 countries. In 2005 its
consolidated sales amounted to EUR 8.6 billion generated by its three
activity sectors: Chemicals, Plastics and Pharmaceuticals. In 2005, sales
of Peroxygen activities worldwide amounted to 418 MEUR. SOLVAY is listed
on the Euronext 100 index of top European companies. Read a press release from Solvay about; 'Solvay Advanced Polymers introduces two plastics resins that present new options for highly reflective, directly metallized automotive lighting applications.'
Click here to view more news headlines. E-mail this page to a friend
|
|
Changing
Jobs? View Homes for Sale in the U.S. 
News / Resources - Philips Medical to supply Kaiser Permanente with software and equipment - Certification, Training and Courses from The American Management Association
- Specials this month at Online Metals - Looking for a Study Program? - All this Months News - How Well Do You Know Yourself? Select from 22 different tests and find out! Copyright
- Unless otherwise
stated all contents of this web site are © 1998/2006 JOBWERX.COM.
– All Rights Reserved. For permission to reproduce any contents of this
web site, please advise our Syndication department: Log onto HELP
|
|
