Goodyear has filed two antitrust lawsuits against several chemical companies, charging them with price-fixing and anti-competitive conduct.
The Akron-based tire maker filed the most recent lawsuit, alleging price fixing, July 16 in the U.S. District Court for the Northern District of Ohio against rubber chemicals manufacturers and distributors. Rubber chemicals are commodity products used to treat synthetic rubber during the process of manufacturing tires, power transmission belts and hoses used in automotive and industrial applications.
The suit names the following companies:
* Bayer A.G. of Germany;
* Bayer Corp. of Pittsburgh;
* Crompton Corp. of Middlebury, Conn.;
* Rhein Chemie Rheinau GmbH of Germany;
* Rhein Chemie Corp. of Chardon, Ohio; and
* Uniroyal Chemical Co. Inc. of Middlebury.
Goodyear originally filed an antitrust lawsuit, also in the same court, May 7. The tire maker said its allegations in that suit focus primarily on EPDM (ethylene propylene diene monomer), a synthetic rubber used in rubber-containing products to improve their strength. Goodyear uses the material in its tires, hoses and belts.
Goodyear amended the suit June 22 to include Neoprene products, alleging that there was ``a single, global conspiracy involving and interlinking EPDM and Neoprene manufacturers.''
With this lawsuit, Goodyear is suing:
* Bayer A.G. of Germany
* Bayer Polymers L.L.C. of Pittsburgh
* Bayer Corp. of Pittsburgh
* Crompton Corp. of Middlebury
* Uniroyal Chemical Co. Inc. of Middlebury
* Dow Chemical Co. of Midland, Mich.
* E.I. duPont de Nemours & Co. of Wilmington, Del.
* DuPont Dow Elastomers L.L.C. of Wilmington
* DSM Elastomers B.V. of The Netherlands
* DSM CoPolymer Inc. of Baton Rouge, La.
* Polimeri Europa S.p.A. of Milan
* Polimeri Europa Americas Inc. of Houston.
The tire maker has not yet specified a damage amount in either suit, which the company expects to be determined during the course of the court proceedings.
``Goodyear, in the best interests of our shareholders, is seeking to recover the overcharges paid as a result of the anti-competitive conduct of these companies,'' said C. Thomas Harvie, Goodyear's senior vice president, general counsel and secretary.
``Goodyear is a significant global purchaser of EPDM, and Goodyear spends substantial amounts on these products,'' he said.