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LONDON (MarketWatch) -- The European Commission said Wednesday that it has fined 10 chemicals groups a total of 173 million euros ($260 million) for fixing the price of plastic additives in two different cartels. The Commission said one of the cartels was for tin stabilizers, which help avoid decomposition of plastics, and operated between 1987 and 2000. The other operated between 1991 and 2000. The biggest fine was imposed on Akzo Nobel , which will pay a total of 40.6 million euros for its involvement in the two cartels. Also fined were Elementis , which will pay 32.6 million euros and Elf Aquitaine , which must hand over 38.6 million euros. The Commission said Chemtura Corp. participated in the cartels but wasn't fined because it revealed their existence to the regulator.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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