World Cartel Alleged

Northern Advocate, 30 June 1943, Page 3

World Cartel Alleged

WASHINGTON, June 29.

The Justice Department has announced the indictment of four American titanium companies and four officials of them on charges of creating a world-wide cartel in conspiracy with British, German, Italian and Japanese interests. The Assistant said that the cartel covered titanium compounds used in war materials. Defendants are the National Lean Company. Dupont Denemours, Krebs Pigments and the Titan Company and then general managers. The Justice Department. in a statemeixt, named as co-con-spirators I. G. Farben Industrie (Germany). Imperial Chemical Industries (Britain), Montecatini (Italy) and Kokusan Kogyo Kaibushihi (Japan). The indictment charged defendants and coconspirators with dividing the world into exclusive non-competitive areas, suppressing competition and obtaining monopolistic control of industry in the United Stales through patent pooling and restrictive production. The chairman of Imperial Chemical Industries (Lord McGowan) denied the report that his organisation was involved in the world-wide cartel. “We are not engaged in any international conspiracy. We are not in a combination of any international bodies. The American report is quite wrong.”