commiss decis june declar compat concentr common market case iv shell montecatini english text authent ec commiss european commun regard treati establish european commun regard council regul eec decemb control concentr undertak articl thereof regard commiss decis februari initi proceed case undertak concern opportun make view object rais commiss regard opinion advisori committe concentr proceed concern propos joint ventur polyolefin sector sophia shell petroleum nv hereinaft refer shell montedison nederland nv hereinaft refer montedison notifi commiss januari pursuant articl regul eec hereinaft refer merger regul januari commiss decid continu suspens notifi concentr pursuant articl merger regul februari initi proceed case pursuant articl regul parti oper parti shell hold compani royal dutch shell group compani montedison belong ferruzzi group compani polyolefin interest own montecatini nederland bv subsidiari himont incorpor polyolefin mopletan spa downstream applic oper notifi origin concentr plan notifi commiss montedison transfer sophia own shell montedison polyolefin interest word wide includ product market asset intellectu properti right amp facil upstream downstream activ montedison retain residu activ market joint ventur right licens spheripol process manufactur polypropylen hereinaft refer pp parti unit state america pre exist joint ventur pp product sector montefina himont petrofina nsp himont statoil origin concentr plan montedison transfer himont sharehold joint ventur partner petrofina statoil himont interest own sophia shell contribut jont ventur major part world wide pp polythylen hereiaft refer pe busi shell retain joint ventur polyolefin busi unit state america pp product plant particip joint ventur shell union carbid corpor hereinaft refer ucc oper pp plant seadrift texa interest joint ventur row europ row joint ventur shell basf engag product sale wide rang olefin polyolefin exist upstream interest steam cracker produc ethylen propylen except aubett platform berr franc downstream activ wavin bv symalit ag polyolefin polym interest oper subsequ amend commiss commun pursuant articl merger regul order meet competit concern express parti amend origin concentr plan enter commit vi vi commiss set recit fulfil commit origin oper modifi montedison world wide pp technolog busi remain sophia transfer compani technipol sole ownership control montedison technipol asset inter alia compris montedison world wide pp technolog licens busi includ licens contract exercis intellectu properti right sale market support staff amp staff facilit relat process catalyst technolog pp pilot plant pp technolog develop test montedison himont withdraw montefina sell sharehold petrofina parti montedison contribut sophia remain world wide polyolefin interest includ world wide asset relat product sale pp world wide activ polyolefin sector includ upstream downstream asset shell contribut sophia origin plan technipol financi resourc enabl conduct busi viabl competit basi independ sophia shell relationship sophia shell hand technipol hand arm length basi normal commerci term ii commun dimens propos concentr commun dimens combin aggreg world wide turnov shell montedison ecu million undertak achiev ecu million turnov commun parti achiev third commun wide turnov member state iii concentr notifi oper amend basi undertak parti concentr mean articl merger regul explain sophia perform last basi function autonom econom entiti appreci scope coordin competit behaviour parent joint ventur mean articl joint control sophia own shell montedison joint ventur agreement major decis approv parti includ annual capit budget fundament joint ventur polici strategi borrow excess annum invest invest excess million enter extend feedstock arrang shell montedison joint control sophia shell expect assum lead role manag entrepris inter alia final appoint chief execut offic joint ventur shell nomin director decid gener matter fundament strateg import joint ventur perform last basi function autonom econom entiti sophia asset resourc enabl perform function autonom econom entiti polyolefin sector regard pp product sector montedison pp technolog busi remain joint ventur negat charact joint ventur autonom econom entiti pp technolog oper licenc pp technolog provid sophia continu emploi exist pp technolog extent purchas technolog improv technic servic technipol provid commit parti undertaken arm length basi normal commerci condit absenc coordin competit behaviour sophia activ sector product sale pp product sale pe pe technolog product sale ethylen propylen downstream activ area film fibr amend introduc origin concentr plan sophia remain activ market pp technolog defin decis montedison world wide technolog busi transfer technipol shell exist activ pp technolog market wich base cooper ucc contribut sophia state montedison contribut sophia world wide polyolefin interest exept pp technolog busi withdraw market joint ventur sophia parent shell remain activ joint ventur market retain polyolefin interest sophia shell assum industri respons joint ventur respect appreci scope coordin shell sophia mean articl merger regul concentr sophia parent remain activ market pp technolog montedison technipol shell contributor unipol pp technolog combin ucc process shell catalyst market situat upstream joint ventur market product sale pp commis consid parent coordin behaviour regard pp technolog licens mean articl merger regul specif circumst case number factor indic parent ownership sophia lead coordin competit behaviour pp technolog market turnov busi transfer technipol repres small percentag montedison total annual pp turnov approxim smaller term sophia total turnov parti commit technipol oper complet independ sophia shell suffici financi resourc shell sharehold technipol technipol profit accru montedison montedison control technipol commerci strategi genuin interest continu activ licens polici order maxim return invest technipol time acknowledg parent sophia shell conduct pp technolog licens busi relationship technolog spheripol unipol distant montedison licens busi directli conduct fulli own control subsidiari shell activ market base cooper agreement parti ucc share control activ whith shell subsequ concentr continu interest activ licens shell oil interest activ licens made substanti invest catalyst plant unipol technolog respect shell unipol pp plant incent maintain viabil technolog futhermor financi perspect shell interest montedison pp technolog busi montedison shell pp technolog busi ucc pp technolog market limit number contract high order ecu million incent win individu licens contract result strong bid situat pp licens contract unipol spheripol interest bid compet event contract award success licensor receiv licens incom realiz return invest specif circumst case appear coordin parent mean articl merger regul occur iv competit assess concen tration notifi present analysi relat competit effect concentr notifi commiss origin concentr plan busi contribut joint ventur relat econom sector product sale pp pp technolog product sale pe pe technolog product sale ethylen propylen product sale flexibl film consum good packag flexibl film good packag melt spun fibr women fibr tape fibril tape overlap activ parti regard ethylen propylen upstream market relat polyethylen polypropylen montedison produc ethylen free market sale propylen ii dowstream activ flexibl film consum good packag flexibl film good packag melt spun fibr woven fibr tape fibril tape pe busi contribut sophia pe deriv ethylen polymer type pe high densiti polyethylen hereinaft refer hdpe low densiti polyethylen hereinaft refer ldpe linear low densiti polyethylen hereinaft refer lldpe notifi parti market ldpe llpde consid form relev product market geograph market definit appear product sale pe take place western europ custom supplier locat region decid exact product geograph market definit case exlain basi narrow market definit case explain basi narrow market definit propos concentr creat reinforc domin posit common market substanti part thereof shell produc ldpe lldpe market share western europ term capac montedison start produc pe strenght area li pe process technolog spherilen contribut joint ventur domin creat reason regard product sale pe number player import shell includ compani enichem bp boreali dow chemic ii regard pe technolog altern technolog offer ucc regard adequ altern light analysi focu effect concentr market product sale pp market pp technolog product market definit product sale pp pp belong categori polyolefin famili thermoplast deriv group base chemic olefin includ pe polybutelen pb olefin typic deriv oil natur ga product polyolefin involv main stage stage hydrocarbon feedstock base chemic naphtha ethan obtain oil natur ga base chemic olefin ethylen propylen produc mean steam crack dehydrogen polyolefin deriv olefin polymer process monom olefin react produc long chain repeat seri monom polym polyolefin process plastic industri manufactur wide rang consum good includ film fibr mould extrud product pp plastic process industri larg number applic import film fibr automot compon bumper dashboard system domest applianc garden furnitur crate case pail cap closur thin wall packag contain wast chemic pipe applic tape sheet packag construct food packag special characterist pp includ lowest densiti thermoplast easier colour high temperatur resist high friction resist flexibl design notifi parti degre fring substitut pp pe hdpe materi pp fulli substitut materi applic commiss investig confirm pp suffici substitut thermoplast materi applic special properti advantag cost perform ratio relev product market market product sale pp main type famili pp homopolym account approxim pp consumpt random copolym account approxim pp consumpt impact block copolym account approxim pp consumpt properti end type pp homopolym made commod special grade rigid resist copolym impact strength inferior block copolym suitabl applic high impact strength requir automot sector pp random copolym film document folder packag lamin heat sealabl layer due transpar good resist heat distort eas process suppli side type pp made polymer propylen ethylen ad polymer impact random copolym homopolym random copolym produc reactor homopolym reactor reactor copolym reactor need product block copolym pp plant equip copolymer reactor appear limit suppli side substitut block copolym type pp result block copolym consid separ product market question left open broader narrow market definit explain assess effect merger chang famili pp varieti grade number distinguish factor pp grade includ viscos measur melt flow ratio presenc chemic addit molecular weight distribut crystallin morpholog special grade develop request cooper custom pp grade differ term characterist price intend interchang demand side point view hand appear famili pp homopolym block copolym random copolym pp manufactur easili switch product grade pp vari condit polymer reactor pressur temperatur addit econom consider plai role respect appear pp plant oper avoid unnecessari switch grade minim product grade materi due high degre suppli side substitut appear pp famili grade regard constitut separ relev product market ii pp technolog pp made polymer liquid propylen bulk polymer propylen ga ga phase polymer product type pp ethylen monom ad onset polymer random copolym stage block impact copolym addit modifi ad enhanc chang characterist polym desir specif applic case polymer propylen order produc pp involv element raw materi propylen ii suitabl catalyst chemic substanc polymer promot chemic reaction affect iii technolog catalyst polymer iv process technolog design equip polymer take place develop basic catalyst pp product pp catalyst process product technolog advanc year larg due catalyst improv transit slurri process advanc bulk ga phase process consequ import innov area catalyst result substanti higher catalyst yield earli kilogram catalyst yield kg polym catalyst develop improv yield kg polym similar improv develop superior properti pp simplif process reduct polymer step increas catalyst yield reduc catalyst quantiti left reactor extent remov catalyst residu unnecessari substanti research carri area advanc materi materi extend combin characterist polyolefin suitabl specif applic expect fundament pp resin product process develop commerci year number compani work gener catalyst metallocen precis predict moment wide gener catalyst current research area aim enhanc properti pp specif applic syndiotact pp context exist pp process industri sourc year research develop requir innov potenti catalyst fulli exploit case appear metallocen catalyst fulli commerci year himont research develop effort concentr advanc materi combin properti belong polym basi newli develop catalloi hivalloi technolog intellectu properti right develop improv pp technolog patent protect intellectu properti right pp manufactur develop technolog oper licenc pp technolog provid basi technic inform relat process catalyst disclos immun relev patent grant return license oblig treat technic inform confidenti proprietari inform public knowledg area intellectu properti right ownership patent basic invent subsequ improv prove barrier entri technolog market improv repres signific technolog breakthrought introduct electron donor result substanti increas catalyst yield patent delai indefinit postpon entri oper seek develop technolog infring respect risk lengthi expens patent litig undermin futur licens activ licensor license su owner intellectu properti patent infring assert agreement initi patent holder remov uncertainti fact make potenti entri condit depend patent holder consent market structur signific amount licens activ pp industri pp manufactur licensor license pp technolog licens activ take place market separ product pp custom market pp produc technolog requir manufactur pp supplier rule pp manufactur ucc activ pp supplier develop licens pp technolog supplier suppli side provid technolog disclos custom techic knowledg design construct oper plant product pp sell pp produc give custom immun relev patent refin optim technolog revolutionari improv commun license time time basic servic accompani servic technic support custom assist engin servic case plant construct licensor catalyst includ packag provid directli licensor manufactur license licenc basi technic knowledg commun licensor custom demand side custom normali pp manufactur pp technolog view substanti cost repres origin research develop prior expertis need uncertain result develop work number pp produc prefer develop amp licenc compani requir technolog compani hous amp potenti custom instanc compani develop catalyst obtain patent settlement agreement bare patent licenc allow freeli oper catalyst event lack process manufactur pp licens parti technic reason harmon separ catalyst process technolog achiev effici product complic expens practic compani purchas initi technolog packag seek subsequ replac licensor catalyst result compani commiss view market pp technolog compani develop pp process catalyst combin select technolog packag effici suit product requier custom licenc entrant pp industri exist license expand current pp capac provis exist licens agreement futur capac expans vari case license option return addit royalti licens technolog capac increas plant case option cover capac increas realiz construct plant territori agreement countri event commiss consid option holder impervi rel merit market altern contrari option precis determin altern effect competit market pp technolog licens mean licens contract attract option holder exercis option purchas licenc altern option holder renegoti term option origin licensor term favour reflect competit pressur licens contract conclus option holder commiss view market technolog licens benefit presenc effect competit pp manufactur natur benefit avail high perform cost effect technolog access technolog vital entri capac expans exist player depend technolog licens realiz select technolog plant long term implic substanti cost involv year life time plant built competit technolog market ensur outcom term price qualiti competit paramet reach regard indispens element pp product demand licenc increas actual expect demand pp lead plant expans demand licenc practic demand tend concentr period licens round due simultan decis number produc expand capac basi demand forecast limit amount licens activ take place period licens round place licens activ subsequ reduc due excess pp capac industri industri sourc year world pp market project grow averag rate annum western european north american market project grow rate annum rest world growth project annum result expect addit pp capac need industri expans current pp capac form includ de bottleneck exist plant construct plant depend inter alia size plan increas expans de bottleneck capac limit strategi compani concern compani plan act player countri choos built plant locat exist case expect capac expans lead substanti increas demand technolog licenc world wide number compani concret plan expans start technolog view obtain licenc question demand licenc western europ dealt process catalyst packag rule pp technolog develop licens packag made polymer process catalyst role catalyst polymer import determin properti pp design process influenc catalyst introduct catalyst affect result product rang practic licence pp packag develop catalyst order chang properti final product specif applic impli purpos product market definit distinct made process catalyst practic licence purchas technolog packag seek develop catalyst complement replac catalyst origin licens subsequ purchas initi packag commiss investig pp manufactur wish build plant todai seek singl licenc compris packag oppos separ licenc process catalyst case catalyst develop take year typic minimum year requir consider amp expenditur substanti prior technolog expertis riski licensor perfom guarante cover process catalyst packag origin licens basi notwithstand possibl pp licenc purchas process catalyst technolog separ commiss consid purpos decis definit relev product market pp technolog base packag repres process catalyst technolog slurri process distinguish advanc ga phase bulk process ga phase bulk process simplifi effici pp product rout compar older slurri process wide industri bulk ga phase process involv fewer process step high effici catalyst make unnecessari remov catalyst residu atact compon final polym advantag bulk ga phase process includ lower energi consumpt lower capit invest tonn capac environment protect produc continu oper older exist slurri plant total western european pp capac combin perform enhanc high yield high stereospecif catalyst plant fulli depreci slurri plant built commiss investig pp produc wish expand pp product capac build plant todai seek obtain licenc gener process bulk ga phase oppos slurri process appear relev product market pp technolog defin basi advanc technolog bulk ga phase slurri technolog exclud definit conclus basi appear licens advanc pp technolog servic defin constitut distinct product market effect propos joint ventur assess upstream market relat market product sale pp domin pp technolog market enabl pp technolog provid exercis market power regard essenti element pp product geograph market definit manufactur sale pp commiss enquiri custom purchas pp sourc locat member state purchas sole supplier hand custom pp western europ reli produc plant locat area vast major suppli repli commiss questionnair custom state pp transport cost import influenc choic supplier transport cost depend inter alia mode transport locat custom vi vi locat supplier main mode transport pp truck lesser extent rail sea combin sea truck truck rail mode destin shipment influenc choic transport mode reduc cost base effici mean transport pp suppli bulk truckload road tanker tonnag packag kg polyethylen sack stack pallet shrink wrap transport cost substanti affect avail return load vehicl possibl back haul local countri regul competit haul situat repli commiss questionnair transport cost suffici high custom produc western europ unit state america japan altern sourc suppli addit appear current import duti amount import develop countri gradual reduc period year start insul western european market extent sale technic support limit geograph choic supplier appear relev geograph market product sale pp western europ ii pp technolog competit licens pp technolog take place wider geograph market competit manufactur sale pp specif world wide basi licensor pp technolog compet busi potenti custom seek licens technolog licensor offer technolog custom locat world licens packag pp technolog gener includ input amp technic personnel licensor site plant license technic staff requir travel plant site cost provid technic personnel plant start subsequ technic support gener born license suffici substanti deter potenti licens choos licensor locat geograph area licensor gener activ world wide explain intens activ depend posit downstream pp market affect conclus market licens pp technolog world market effect concentr notifi domin technolog market restrain effect pp industri futur plan opportun expans neg repercuss downstream market product sale pp commiss assess competit effect joint ventur market pp technolog pp technolog pp technolog rule develop licens packag involv product process catalyst lead packag technolog pp industri account plant capac licenc spheripol technolog licens himont unipol technolog combin process develop ucc catalyst develop shell himont montedison subsidiari forefront pp technolog process catalyst earli year pp product himont research back develop commerci exploit industri process product pp base modif ziegler catalyst nobel prize winner giulio natta consult himont research team ferrara himont spheripol process wide licens pp technolog hybrid process consist stage loop reactor bulk polymer product homopolym random copolym stage ga phase reactor product impact copolym oper seri reactor basi agreement himont japanes compani mitsui petrochem industri hereinaft refer mitsui jointli develop catalyst result high product yield high stereospecif hy hs catalyst subsequ parti continu collabor hy hs catalyst todai parti process technolog spheripol himont an hypol stir bed reactor mitsui jointli develop catalyst licens activ parti regard hypol spheripol process relat catalyst object research develop cooper agreement himont mitsui analys shell oil ucc relationship shell develop pp process lippshac licens parti joint ventur shell interest hand shell contribut high yield shac catalyst joint ventur ucc includ pp plant seadrift texa basi cooper shell ucc cooper undertak agreement hereinaft refer cua sign ucc shell chemic divis shell oil compani shell oil compani control shell petroleum incorpor subsidiari royal dutch shell group compani cua expir purpos agreement combin ucc fluidiz bed process shell shac catalyst view develop pp technolog packag licens parti abovement seadrift demonstr plant manufactur facil ucc activ pp product reli shell oil pp market initi laboratori experi relat origin shac catalyst place result technolog packag unipol date main competitor himont spheripol technolog shell oil contribut current unipol technolog packag import shell oil suppli catalyst unipol packag respons improv involv market unipol technolog includ technic present catalyst potenti custom final custom support technic assist regard catalyst price catalyst invoic catalyst sale share licens revenu ucc result joint ventur shell montedison origin notifi fulli own subsidiari royal dutch shell group compani link lead pp packag technolog industri shell industri leader sophia origin concentr plan develop market spheripol technolog whilst time shell oil provid catalyst unipol technolog packag shell shell oil manag autonom entiti royal dutch shell group compet subsidiari group whilst shell oil conduct busi degre autonomi relat royal dutch shell group point view applic merger regul parti argument accept structur ground provis regul fulli own subsidiari consid fall ultim control parent compani group case royal dutch shell control competit behaviour subsidiari import effect pp technolog market prior concentr rivalri spheripol unipol main competit relationship market subsequ origin concentr technolog longer suffici independ himont pp technolog busi includ sophia market share spheripol unipol lead technolog pp industri total number slurri pp technolog bulk ga phase licenc grant date himont license account world wide pp plant capac oper licenc exclud licenc licensor plant joint ventur licensor interest unipol license basf license mitsui license sumitomo acomo notifi parti argu high market share reflect rel success spheripol unipol reliabl indic futur market power high market share technolog confirm recent licens decis total number licenc grant year world wide himont license account world wide pp plant capac unipol license basf license mitsui license sumitomo amoco view commiss high market share reflect import spheripol unipol competit forc technolog market due varieti factor analys argument put forward parti parti concentr creat strengthen domin suppli side suppli pp technolog competit todai remain ii technolog market inher volatil fast chang entri demand side minim demand licenc western europ end centuri ii western europ current potenti licens increasingli technolog sophist reason explain commiss consid suppli side advanc technolog offer licenc significantli constrain parti competit behaviour ii technolog market extent dynam entri occur manner capabl constrain quickli significantli exercis market power demand side expect demand licenc western europ end centuri signific ii technolog sophist western european produc significantli constrain exercis market power domin technolog provid criteria select technolog repli commiss questionnair pp manufactur identifi number factor consid import select pp technolog product rang product characterist technolog suit product prospect license base strategi gain access reinforc presenc pp market segment develop market western europ product type number identifi grade product type requir manufactur build plant context import plant oper basi technolog consider exist produc number commerci grade approv marketplac respect distinct made hand capabl technolog produc number grade abil manufactur pp properti grade hand fact technolog develop number commerci qualifi grade sold marketplac appear potenti license criterion import assess compar merit altern technolog prospect license exist commerci qualifi grade produc basi technolog reassur possibl enter market equal foot establish player continu serv exist custom riski time consum process qualifi grade ii simplic oper includ flexibl switch grade iii cost perform ratio evalu basi expenditur need construct plant oper cost includ royalti iv track record licensor proven technolog exist larg number plant oper basi technolog serv pp market segment geograph market guarante technolog capabl produc commerci qualifi accept grade prospect license futher ass technolog visit number oper plant capac design licensor prior license refer contact result risk factor select process minim import licens decis involv substanti invest cost made lifetim plant year sophist license western european pp produc regard track record licensor signific factor select process proven abil construct larger plant size plant import realiz economi scale western europ instanc plant todai capac tonn number case larger plant requir vi larg licens pool context improv licens technolog exchang sophist license hous technolog decid particip licens pool oblig commun improv return larg licens pool appear import sophist license reli licensor technolog updat commun improv appear particulari import regard applic catalyst advantag spheripol unipol final choic case result global judgment balanc respect advantag technolog appear context spheripol unipol technolog combin element gener consid broadli equival altern spheripol unipol extens grade coverag enjoi commerci track record construct number plant size oper market global licensor presenc knowledg specif geograph market product license activ competit spheripol unipol past main drive forc pp technolog market larg number licenc spheripol unipol grant date import term licens revenu support licensor futur research develop effort area pp technolog addit appear advantag choos technolog exist plant expans capac advantag technolog knowledg capabl oper technolog avoid delai due retrain staff qualifi grade establish custom translat cost save optim product result potenti license provid technolog exist plant date suit license futur product rang appear instal capac influenc futur licens decis reinforc current market posit establish player basi exist spheripol unipol license disincent switch altern technolog provid patent right himont owner owner import patent basic intervent subsequ improv current gener pp catalyst support catalyst exercis patent right act barrier entri pp technolog market practic seri patent disput himont potenti catalyst produc valid catalyst himont patent case catalyst produc includ found conclud assert agreement himont return payment lump sum percentag royalti obtain futur sale catalyst order avoid risk patent litig durat himont improv patent area support catalyst extend centuri continu enabl himont influenc possibl condit entri entrench current posit technolog market view pp manufactur commiss investig spheripol unipol perceiv lead technolog industri number pp manufactur concern competit elimin spheripol unipol consid commerci proven technolog market fulli licenc straightforward process full product rang proven abil construct plant adequ economi scale altern continu competit spheripol unipol import safeguard technolog special end complex process advantag cost perform ratio fulli proven market place fulli licenc concern express result concentr compani shell involv major packag risk restrict technolog discard restrict signific himont control larg extent catalyst develop basi patent license depend larg extent singl compani technolog catalyst suppli joint ventur gain addit competit advantag access technolog inform feedback larger licens pool lead technolog combin technolog strength shell himont establish posit technolog market place licensor signific competit disadvantag inter alia newcom overcom obstacl lack histori market relat establish reput ii develop adequ infrastructur amp engin support iii develop catalyst product point back suppli capabl license familiar spheripol unipol combin provis exist agreement give license option increas capac plant act disincent switch altern technolog provid competit advanc technolog provid spheripol unipol notifi parti identifi provid advanc pp technolog packag todai mitsui basf amoco chisso sumitomo commiss consid mere exist altern technolog constitut adequ ground conclud domin creat technolog market result concentr domin abil behav signific extent independ competitor custom view commiss base investig case reason explain altern technolog provid form signific constraint exercis market power creat concentr short medium term technolog provid account licens capac mitsui commiss opinion regard fulli independ competitor significantli constrain himont behaviour mitsui offer hypol process licenc catalyst jointli develop himont mitsui involv research develop cooper agreement himont hypol spheripol relat catalyst current version agreement parti cooper virtual aspect technolog develop licens agreement agreement express long stand cooper arrang himont mitsui common econom interest incent share area pp technolog born fact mitsui secur singl licenc western europ date basi mitsui consid effect competitor significantli constrain himont competit behaviour exist licensor includ basf amoco sumitomo basf offer ga phase process vertic stir bed reactor licens older version basf technolog commerci product rang broaden incorpor proprietari support catalyst basf technolog packag basf grant licenc western europ license europ ici pp busi basf recent acquir sumitomo develop bulk process recent ga phase process fluid bed reactor bulk process licenc earli ga process mid sumitomo limit number license world wide process amoco began develop work ga phase process collabor chisso corpor japan amoco plant earlier version technolog built late amoco chisso technolog offer licens improv version earlier technolog base develop proprietari high activ catalyst commiss question credibl abovement altern technolog supplier pure technolog perspect leav contractu relationship notifi parti appear technolog supplier significantli constrain market power spheripol unipol reason altern technolog limit number qualifi grade spheripol unipol specif pp famili addit technolog suit manufactur pp product grade coverag correspondingli weaker area explain licensor prior expertis product requir geograph area activ technolog result perceiv flexibl prospect license comparison spheripol unipol balanc grade coverag mention todai prospect license requir larger plant interest substanti economi scale commiss enquiri capit cost kt plant approxim half kt plant respect import note altern technolog design capac limit compar spheripol unipol prevent satisfi requir potenti license view limit number license date altern technolog lack refer proven commerci record market place case presenc market limit success licens indic market prefer unipol spheripol case improv version technolog recent lack market knowledg technolog work advantag establish player fourth appear altern technolog provid pp technolog licens core busi context total oper result compani pursu past aggress licens polici indic current strategi compani pp licens sector chang futur final abil altern technolog provid compet spheripol unipol limit factor lack catalyst product point suffici satisfi futur demand licenc ii small size licens infrastructur limit licensor abil offer servic requir prospect custom includ engin servic train start technic assist custom support product develop basi appear exist technolog provid significantli constrain parti power behav signific degre independ competitor potenti entri number compani engag amp pp sector focu research depend expertis financi resourc compani case research tend focu market driven product different compani substanti fundament research effort himont develop product process supersed exist technolog creat market opportun number compani work gener catalyst metallocen affect commiss competit assess case potenti metallocen precis determin case expect fulli exploit short medium term parti argu number potenti entrant short period time enter pp technolog market parti potenti entrant pp produc hous technolog decid develop licens technolog packag ii pe technolog supplier short period time adapt pe process catalyst order licens technolog pp resin product parti argu number pp produc technolog sophist substanti financi resourc parti technolog sophist facilit entri true number pp produc hous amp commiss investig pp technolog packag market short medium term reason pp produc mention potenti entrant develop process develop catalyst conjunct technolog packag licens produc develop process develop process result entri market technolog packag short medium term small number pp produc develop process catalyst research develop work complet result entri uncertain delai consider period time patent issu consid vital question valid patent claim resolv entri delai indefinit postpon case proprietari technolog exist licens technolog subject handicap mention recit seq instanc entri occur lack track record entrant pose difficulti exist altern provid compet spheripol unipol pe technolog provid concern technic adapt pe technolog manufactur pp commiss investig entri pe manufactur pp technolog market short medium term reason length time requir develop commerci includ grade qualif commerci accept ii obstacl deter potenti entri includ catalyst select develop technolog capabl compet establish licensor cost involv develop technolog capabl compet establish licensor cost involv develop commerci difficulti enter establish market entrant gain market accept uncertain return relat invest appear potenti entri technolog market significantli constrain market power short medium term demand licenc western europ light continu growth pp demand fact fastest grow sector pastic busi result commiss market enquiri commiss conclud demand pp technolog licenc western europ period run year view contest parti parti submit report prepar independ busi consult order demonstr neglig demand pp technolog licenc year essenti paramet govern forecast contain report current pp capac western europ million tonn annum ii current capac util iii demand pp expect grow annum report lai rang industri comment iv de bottleneck net plant closur increas exist pool capac million tonn annum paramet report calcul bring suppli demand balanc oper level plant requir commiss regard assess challeng forecast paramet methodolog inclin view report greater tendenc underestim overestim futur demand pp technolog licenc view base consider light technic inform made commiss allow made report size futur plant closur underestim net capac increas due de bottleneck overst report asum current net pp export amount tonn complet disappear net export remain current level correspond demand addit pp plant thirdli importantli report fail consider long lead time requir negoti technolog licenc pp plant stream parti point base industri practic pp technolog licenc grant year pp plant commiss point parti respons commiss statement march result forecast demand pp technolog licenc period year logic demand pp year point left suffici assess natur pp technolog licens demand aris report conclus detail conclus report plant capac kilotonn annum requir report parti give rise demand pp technolog licens plant construct produc technolog plant built produc enjoi option exist pp technolog licens contract increas capac broadli pre ordain term sixth produc interest pp technolog licenc term condit licenc determin commiss disagre line reason basi inform submit parti doubt produc undertak requir expans report industri consult submit parti assess compani build plant consid expans compani mention report event matter market player decid individu increas capac expect acquir share expect growth pp demand western europ regard continu avail effect competit pp technolog licens market crucial factor larg major western european pp produc potenti custom technolog licenc contractu option increas product commiss note pp produc claim licens technolog option fact enjoi option case explain commiss consid mere exist option impli option holder market technolog licens option holder compar offer technolog provid make choic benefit presenc effect competit technolog market conclus commiss consid analysi carri materi submit parti demonstr signific demand pp technolog licens expect futur fact commiss market enquiri pp produc western europ interest pp technolog licens sophist buyer countervail power domin firm parti argu potenti custom pp technolog western europ predominantli technolog sophist substanti financi resourc result event domin technolog provid exercis market power pp produc power incent action order avoid cost domin commiss view abil produc exercis countervail power domin technolog provid overestim commiss consid develop proprietari technolog altern bui licenc long term solut small number player view inter alia length time substanti invest requir success complet develop work case research develop effort pp produc relat catalyst improv produc requir match process develop short medium term importantli valid catalyst improv pre exist patent right settl past experi demonstr import right conclus commiss consid technolog sophist act signific constraint exercis market power domin technolog provid short medium term conclus light commiss conclud origin concentr lead creation domin posit result effect competit significantli imped market pp technolog domin technolog market restrain effect pp industri futur plan opportun expans depriv pp manufactur benefit competit regard price qualiti paramet neg repercuss pp product market view commit offer parti establish montedison separ technipol subsidiari recit commiss concern sophia acquisit domin posit pp technolog market resolv ii product sale pp joint ventur world leader pp market global capac million tonn repres approxim pp world wide capac lead supplier pp western europ account capac free sale sale exclud captiv subsequ concentr produc pp western europ merg entiti sophia market share doubl market share competitor boreali capac free sale term capac hoechst account pcd omv appryl abourt basf ici supplier western european market share includ amoco petrofina exxon repsol dsm vestolen solvai impact merg entiti product type pp pp busi montedison shell larg complementari shell free market sale commod homopolym montedison sale special homopolym copolym block copolym consid form part distinct product market pp overlap activ parti combin market share area exce abovement share entir pp market analysi focu effect concentr market product sale pp joint ventur link pp produc view increas degre concentr market product sale pp consider joint ventur link montedison shell hand produc hand montedison shell number joint ventur polyolefin produc relat pp montefina joint ventur montedison subsidiari himont petrofina capac kt nsp himont statoil capac kt row shell basf pp capac kt joint ventur base particip respect parent compani joint ventur link parti influenc competit behaviour joint ventur partner import competitor pp product market strenghten posit market total capac pp produc involv montefina nsp row account western european capac includ basf ici event appear case montefina subsequ concentr sophia exert consider restrain influenc petrofina competit behaviour montefina product joint ventur creat produc pp technolog licens montedison product line felui belgium output share parent independ market petrofina total pp product western europ montefina petrofina competit posit critic influenc behaviour joint ventur partner petrofina shell montedison transact potenti conflict interest montefina parent petrofina believ separ montefina sophia remedi competit situat montefina sharehold agreement import decis agre himont montedison successor joint ventur commiss view enabl montedison influenc product import decis context joint ventur regard exchang technolog inform commiss view access montedison shell personnel montefina petrofina technolog inform context joint ventur remain act disincent fina technolog petrofina factor reinforc sophia posit pp product market merg entiti combin hand himont technolog leadership success develop product advanc polyolefin materi hand shell strong world wide presenc largest petrochem compani feedstock avail consider financi resourc larg extent complementari strength partner creat power combin sophia offer broadest product line industri includ famili pp product larg varieti pp grade wide rang applic financi resourc strengthen technolog posit licens incom focu develop special product advanc materi gener profit subsid nich market geograph spread size exist plant sophia enjoi competit product cost effici distribut geograph locat addit consider advantag vi vi competitor size sale market organ posit regard technolog merg entiti combin substanti asset expertis parent compani lead posit pp technolog market explain abil spread amp cost larg product base place parti consider advantag relat pp produc parti advantag posit strengthen older pp product replac product superior properti importantli control world wide lead technolog sophia determin pace futur develop pp product market licens polici insuffici control competitor sophia instanc charg supra competit royalti exercis market power innov product develop retain sophia competit pressur licens pp produc sophia neg affect condit competit pp product market conclus combin market share parti high consider gap market share largest competitor combin number factor network joint ventur sophia high level product coverag sophia lead posit technolog substanti reinforc parti posit market factor led commiss entertain doubt creation domin posit pp product market commiss concern sophia acquisit domin posit technolog market resolv commit offer parti establish montedison separ technipol subsidiari recit parti offer commit specif relat pp product market dissolut montefina joint ventur view commit commiss consid longer room concern creation domin posit market modif origin concentr plan undertak enter parti commiss commun pursuant articl merger regul order remov competit concern express commit vi vi commiss pp technolog undertak notifi parti undertak himont exist pp technolog busi remain sophia transfer compani exist sole control montedison quot technipol compani quot shell financi invest technipol compani technipol compani establish latest commiss compat decis interven period pp technolog busi conduct separ shell sophia compani separ full function compani capabl conduct pp technolog busi ongo viabl competit basi enjoi financi resourc capabl continu independ pp technolog develop endow asset charasterist exist world wide pp technolog licens busi includ irrevoc exclus licenc intellectu properti right exist sale market support staff exist pp licens contract relat pp catalyst suppli contract transfer technipol compani extent transfer contract requir consent license montedison reason endeavour good faith obtain consent revenu transfer contract accru technipol compani technipol compani suffici resourc financ amp effort extent contract transfer sophia subcontract subject contractu constraint arm length term perform oblig contract technipol compani ii amp staff amp facil aspect pp technolog busi includ licens support technolog updat develop pp technolog amp relat pp process catalyst technolog iii technipol compani intellectu properti right fruit research pp technolog includ pp catalyst prevent technipol compani enter sponsor research contract usual industri term technipol compani exclus enforc intellectu properti right licens sophia decid pursu infring proceed parti subject legal constraint requir iv sophia dedic exclus technipol compani proport catalyst manufactur capac requir technipol compani suppli pp technolog license sophia manufactur pp catalyst toll manufactur basi term condit customari industri sophia offer sale catalyst parti technipol compani license obtain pp catalyst parti exist pp pilot plant pp technolog develop test access full scale pp product plant vi sophia purchas technolog improv exist pp technolog emploi sophia technic servic catalyst technolog technipol compani arm length basi commerci term equival offer license vii sophia shell access technipol compani privileg inform type made competitor busi commerci secret price custom list negoti sale data refer pp technolog untertak himont pp process catalyst technolog licens develop pp technolog pp product undertak montedison undertak montefina joint ventur withdraw himont montefina commiss compat decis period extend commiss commiss satisfi bona fide effort montedison montedison sell invest montefina request extens duli motiv ii montedison behalf technipol compani reaffirm montefina benefit favour license claus catalyst suppli licenc agreement provis licenc intellectu properti himont sophia constru prevent hinder montefina petrofina enter merger allianc discuss parti provid montefina petrofina protect technipol compani himont sophia legitim intellectu properti right busi commerci secret iii oper montefina separ sophia period prior formal withdraw himont right montefina exercis montedison person sophia payrol agent sophia present felui site montefina prior consent withdraw period knowledg busi commerci secret petrofina montedison acquir common oper montefina remain secret circumst commun sophia parti bona fide potenti purchas montedison interest montefina advis data file busi record confidenti document relat montefina transfer sophia iv transit period montedison undertak effort consist past function plant ensur smooth effici commerci oper montefina compat reason interest parti provid bona fide effort made petrofina effect detail report provid montedison monthli interv state progress sale negoti withdraw implement review pp technolog remedi parti reserv right commun law request commiss review specif undertak relat pp technolog set implement undertak undertak effect date commiss decis articl regul eec ii assess undertak undertak account commiss assess effect propos concentr explain oper implement notifi lead pp technolog unipol spheripol fall decis influenc singl decis centr shell implement parti commit relat pp technolog chang anti competit situat montedison world wide pp technolog busi transfer separ compani technipol structur financi independ sophia shell technipol endow asset characterist enabl oper viabl competit busi montedison pp process catalyst technolog develop process develop transfer technipol technipol respons licens updat develop technolog relationship technipol sophia arm length basi term equival offer parti technipol expect undertak research effort area pp process catalyst technolog secur futur activ licensor commis consid pp technolog commit offer parti result busi lead pp technolog fall field influenc shell remain independ viabl competitor market order ensur effect implement commit commiss consid essenti inform parti progress made respect basi quarterli report prior establish technipol annual report succeed year natur report quarterli report implement pp technolog commit submit month date decis report describ inter alia detail step establish technipol compani expect financi resourc compani envisag tangibl intang asset staff resourc divid amp scientif staff letter document exist license describ establish technipol correspond relat endeavour encourag license transfer exist licenc contract technipol append report quarterli report submit establish technipol month date decis report form quarterli report relat definit financi resourc asset staff detail provid licenc contract transfer transfer state reason therefor pend expect financi incom accru contract identifi financi remuner provid sophia transfer contract copi compani open balanc sheet busi plan append year annual report technipol submit month end financi year report includ copi annual account includ balanc sheet profit loss account year question separ identif licens revenu contract transfer contract gain establish detail incom includ research sponsor parti amp expenditur facil intellectu properti right employe number subdivid amp scientif staff catalyst sale volum term summari compani commerci scientif activ year final commiss note parti statement review technolog remedi point parti commit confirm willing undertak review accord commun competit law parti pp technolog commit consider relev assess sophia posit pp product market commiss identifi potenti competit problem aris sophia size joint ventur link domin pp technolog market pp technolog remedi parti commit montefina enabl montefina effect compet sophia result commiss concern relat pp product market resolv vi final conclus reason outlin commiss consid propos concentr subsequ amend inclus commit offer parti lead creation reinforc domin posit market pp technolog pp product sale result effect competit significantli imped common market mean articl merger regul concentr declar compat common market subject full complianc condit oblig mean articl merger regul decis prejudic applic gener commun competit rule pre exist joint ventur pre exist contractu arrang parti propos concentr parti respect implement parti commit relat futur montefina joint ventur adopt decis articl subject condit oblig contain parti commit vi vi commiss set recit decis notifi concentr shell montedison declar compat common market articl parti requir commiss inform implement commit set recit decis basi quarterli annual report recit decis articl decis address shell petroleum nv carel van bylandtlaan nl hagu montedison nederland nv montecatini spa foro buonapart milano brussel june commiss karel van miert member commiss oj corrigendum oj oj blank squar bracket profession secret delet pursuant articl merger regul