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The Fair Trade Commission ordered Sekisui Chemical Co. and Mitsubishi Plastics Inc. on Wednesday to pay ¥11.7 billion in fines for forming a sales cartel for vinyl chloride pipes between 2004 to 2006.

Osaka-based Sekisui Chemical was slapped with a fine of about ¥7.96 billion, the biggest ever imposed for breaking the Antimonopoly Law. Tokyo-based Mitsubishi Plastics was fined about ¥3.72 billion.

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