Clariant rejects OMV’s allegations against four companies related to the 2020 competition law infringement

Core Viewpoint - Clariant has received a damage claim of approximately EUR 1 billion from OMV related to alleged competition law infringement in the ethylene purchasing market, which the company firmly rejects and plans to defend vigorously [1]. Company Overview - Clariant is a sustainability-focused specialty chemical company based in Switzerland, with a staff of 10,465 and recorded sales of CHF 4.152 billion in the fiscal year ending December 31, 2024 [6]. - The company operates through three business units: Care Chemicals, Catalysts, and Adsorbents & Additives [6]. Legal Context - The claim from OMV is linked to a sanction imposed by the European Commission in July 2020 regarding competition law violations [1]. - Clariant asserts that it has economic evidence demonstrating that the actions of the involved parties did not impact the market [1].