EU steps up antitrust case against Swiss chemicals firm Sika

The European Commission is stepping up antitrust proceedings against the construction chemicals group Sika and other manufacturers. The Commission has sent statements of objections regarding suspected price-fixing in relation to chemical additives for cement, concrete and mortar. According to the EC’s preliminary assessment, the companies are alleged to have colluded on future price increases between 2021 and 2022. This was reportedly driven by a sharp rise in raw material costs as a result of…