TOKYO (March 26, 2008) — Zeon Corp. said it will not appeal a European Commission decision to fine the firm and its European subsidiaries $8.4 million in a nitrile rubber price-fixing case.
The fine, issued Jan. 23, was reduced to $2.1 million for Zeon's cooperation in accordance with leniency clauses.
The company said it will commit to further strengthen its internal compliance system and will take every action to prevent a recurrence of such an incident.