Italian Company Syndial To Plead Guilty and Pay $9 Million Fine for Participating in Polychloroprene Rubber Cartel :. .: All America

"Syndial S.p.A., an Italian company formerly known as Enichem S.p.A., has agreed to plead guilty and pay a $9 million criminal fine for participating in an international conspiracy to fix prices in the polychloroprene rubber market, the Department of Justice announced today.

"Polychloroprene rubber, also known as chloroprene rubber, is a synthetic rubber used in a variety of products, including tires, adhesives, coated fabrics, furniture, and shoes. Approximately $200 million of chloroprene rubber is sold annually in the United States. Syndial sells polychloroprene rubber under its Butaclor brand name." [AllAmericanPatriots.com]