A cast-urethane producer has sued several isocyanates companies, accusing them of fixing prices, according to court documents.
The lawsuit followed a report that the US Department of Justice (DOJ) is investigating the polyurethanes industry.
The company, CUE, alleges that the producers agreed among themselves to fix prices for methyl di-p-phenylene isocyanate (MDI) and toluene di-isocyanate (TDI) by limiting supply, it said in court documents.
One of the ways that the producers allegedly limited supplies of iscoyanates was through coordinated plant outages, CUE said in the lawsuit.
The alleged price fixing started as early as 2015 and continued until at least February 2018, CUE said in the lawsuit.
Full Content: ICIS
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