Business Daily from THE HINDU group of publications
Tuesday, Jul 24, 2007
ePaper
Business Daily from THE HINDU group of publications Tuesday, Jul 24, 2007 ePaper |
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Corporate
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Announcements Rain Calcining to end pact with Oxbow
Our Bureau Hyderabad, July 23 Rain Calcining Ltd served a notice to Oxbow Carbon & Minerals LLC for termination of calcined coke marketing agreement and green petroleum coke supply agreement entered into on September 18, 2004. Oxbow had recently acquired GLC Carbon USA, Inc and the company through its wholly owned subsidiary, Rain/CII Holding Inc, had acquired CII Carbon LLC, as a result of which both Oxbow and the company had substantial calcining operations in the US. The termination of 2004 agreements were necessary as they may result in sharing pricing and other competitively sensitive information, which may be treated as violation of certain competitive laws due to the aforesaid acquisitions by Oxbow and Rain Calcining, according to a release.
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