OTTAWA, Canada (July 23) – Canada's Competition Bureau said DuPont Performance Elastomers L.L.C. has been fined about $3.86 million for its role in an international conspiracy to fix prices of polychloroprene rubber.
The bureau said that from August 1999 to April 2002, DuPont and co-conspirators agreed to fix the prices of Neoprene rubber sold in the North American market. The sales from these products were approximately $50 million for the relevant period and DuPont share of the market represented approximately 70 percent.
DuPont said it reached an agreement with the the bureau to plead guilty in the Superior corut of Justice in Ottawa to one charge of price fixing and pay the fine. The company said it cooperated fully with the governmental authorities.