Abstract
Japan Fair Trade Commission (FTC) raided the offices of seven Japanese polypropylene producers on May 29 to collect evidence in a cartel investigation. The Commission came to our offices, but we cannot comment yet, says Yoshinobu Aoyama, spokesman for Sumitomo Chemical, one of the seven companies. Aoyama does say that FTC collected documents. An FTC spokesman says the agency cannot comment on an ongoing investigation. investigation is expected to be completed in six months to a year, he adds. other companies targeted by FTC are Tokuyama, Japan Polychem, Grand Polymer, Idemitsu Petrochemical, Chisso, and Montell SKD Sunrise. latter is a 50-50 joint venture between Montell and Japan Polyolefin, which is itself a joint venture between Showa Denko and Nippon Petrochemical. Japan Polychem is a joint venture between Mitsubishi Chemical and Tonen. Grand Polymer is a joint venture between Mitsui Chemicals and Ube Industries. I love it, comments Nicholas D. P. Smith ...
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