commiss decis declar concentr compat common market function eea agreement case comp dow chemic union carbid notifi document number english text authent text eea relev ec commiss european commun regard treati establish european commun regard agreement european econom area articl thereof regard council regul eec decemb control concentr undertak amend regul ec articl thereof regard commiss decis decemb initi proceed case undertak concern opportun make view object rais commiss regard opinion advisori committe concentr octob commiss receiv notif concentr pursuant articl regul eec merger regul dow chemic compani dow acquir sole control union carbid corpor ucc notif declar incomplet complet novemb examin notif commiss conclud notifi oper fell scope merger regul rais doubt compat common market decemb commiss decid initi proceed pursuant articl merger regul parti dow global scienc technolog base compani integr produc chemic develop manufactur portfolio chemic plastic agricultur chemic specialis product annual sale approxim usd million compani manufactur site countri suppli product ucc global integr produc chemic advanc process technolog annual sale approxim usd million ii oper parti conclud agreement plan merger date august financi structur agreement plan merger stock stock merger pursuant agreement concentr effect vehicl transit wholli own subsidiari dow creat sole purpos transact acquir share ucc vehicl merg ucc separ corpor entiti transit ceas exist ucc wholli own subsidiari dow share common stock transit convert share common stock surviv ucc parti complet transact end complet transact subject relev author approv complet transact ucc wholli own subsidiari dow continu york corpor director transit effect time merger director surviv corpor dow certif incorpor board member actual number determin major vote dow entir board board compris member effect time merger current ucc director appoint addit member board parent ucc wholli own subsidiari dow dow exercis control complet transact iii concentr transact dow intend acquir sole control ucc purchas share concentr mean articl merger regul iv commun dimens oper commun dimens mean articl merger regul combin aggreg worldwid turnov undertak concern exce eur million dow eur million ucc eur million aggreg commun wide turnov undertak exce eur million dow eur million ucc eur million parti achiev third turnov member state oper constitut cooper case eea agreement assess oper oper concern market chemic sector eleven affect market categori market identifi polyethylen resin pe resin polyethylen compound polyethylen technolog pe technolog ethyleneamin ethanolamin alkyl alkanolamin glycol ether oxygen solvent ethylen glycol polyglycol aminocarboxyl chelant heat transfer fluid commiss investig identifi area transact lead creation strengthen domin posit held merg parti relev market result competit significantli imped common market mean articl merger regul area pe resin pe technolog ethyleneamin pe resin relev product market present product ethylen base chemic belong olefin group ethylen propylen butaden polyethylen pe thermoplast belong group polyolefin includ polypropylen pe polypropylen world wide plastic pe deriv ethylen process polymeris pe resin produc properti pe influenc degre crystallin determin total degre branch pe molecul resin downstream manufactur consum good film packag bottl milk water plastic bag water ga pipe insul wire cabl mould product end pe resin main famili vari characterist properti identifi low densiti polyethylen ldpe high densiti polyethylen hdpe linear low densiti polyethylen lldpe famili grade produc vari condit polymeris reactor catalyst temperatur pressur addit pe process technolog produc pe resin analys section pe technolog ldpe manufactur high pressur process high pressur autoclav tubular reactor free radic polymeris process gener oper pressur bar temperatur excess polym remov molten state pellitis ldpe primarili film coat applic characteris high clariti flexibl good water vapour properti parti estim western european sale ldpe thousand tonn hdpe manufactur low pressur process ga phase solut slurri process stiffer ldpe chemic resist lower permeabl gase vapour rigid bottl larg blow mould drum automot fuel tank larg pipe hdpe resin product inject mould articl parti estim western european sale hdpe thousand tonn lldpe develop low pressur manufactur altern high pressur ldpe process lldpe resin princip film packag applic increasingli inject roto mould articl membran pipe lldpe famili distinct group distinguish depend copolym manufactur process lldpe buten copolym lldpe hexen copolym lldpe octen copolym parti estim western european sale lldpe thousand tonn ii argument parti parti pe resin belong singl relev product market due high degre suppli side substitut parti point view high degre demand side substitut lpde lldpe resin parti submit ldpe lldpe resin constitut separ market narrowest market parti view ldpe lldpe lldpe due high degre demand side substitut resin high degre suppli side substitut lldpe lldpe parti submit current substitut pe resin produc pe process expect increas result improv advanc catalyst technolog catalyst technolog explain section pe technolog decis iii hdpe constitut relev market separ lldpe ldpe earlier decis commiss distinguish high densiti polyethylen hdpe pe resin low densiti polyethylen ldpe linear low densiti polyethylen lldpe decis distinct base product method perform characterist differ end hdpe good resist chemic impervi gase primarili make rigid product bottl drum automot fuel tank larg diamet pipe ldpe lldpe primarili make film packag industri find confirm present investig hdpe constitut relev market separ lldpe ldpe iv lldpe constitut relev product market separ lldpe ldpe previou decis commiss found lldpe consid belong product market separ ldpe lldpe conclus reach basi lldpe properti allow manufactur stretch film fact product limit process commiss consid lldpe lldpe form part market commiss left open lldpe belong market lldpe present case commiss investig confirm lldpe uniqu properti specif high perform applic properti specif applic stretch film power stretch multi layer food packag lamin film product substitut signific disadvantag increas thick competitor explain lldpe offer highest perform term mechan properti punctur tear resist elong break mechan optic properti balanc heat seal properti hot tack cling effect stretch film argu lldpe made commerci solut process commiss ask custom react price lldpe increas opinion custom purchas lldpe gener continu bui lldpe explain due technic reason switch lldpe due econom reason switch incur high develop applic cost regard suppli side substitut produc oper solut process produc lldpe dsm polimeri produc oper solut process western europ parti anticip commiss lldpe separ relev market context parti argu lldpe form part market lldpe view lldpe ldpe resin parti state suppli side substitut limit demand side substitut lldpe statement tend confirm commiss view lldpe constitut market separ ldpe lldpe conclus lldpe relev product market separ ldpe lldpe superhexen result previou investig variant lldpe quot superhexen quot lldpe properti common lldpe ground lldpe superhexen relev product market present product superhexen appear limit ucc joint ventur polimeri sole supplier superhexen western europ sale superhexen account amp lt sale lldpe volum term custom purchas lldpe gener regard variant lldpe includ superhexen import end applic compani custom find develop superhexen interest due higher qualiti level comparison standard lldpe present custom process test superhexen find work end user applic end user accept product superhexen competitor recognis super hexen significantli improv mechan perform compar standard lldpe process optic lldpe superhexen appear film applic standard competitor argu super hexen improv properti compar standard extra cost match price premium market place respond repli quot resin produc term superhexen underlin slight perform differ film produc compar lldpe quot reason superhexen regard form part market lldpe vi left open ldpe lldpe lldpe singl product market ldpe separ lldpe lldpe recent decis left open ldpe lldpe form part market constitut separ relev market recognis ldpe lldpe extent substitut commod product hand acknowledg specif applic resin famili suitabl instanc lldpe offer signific advantag ldpe includ abil downgaug film improv tear punctur heat resist stiff inject mould part side tradition lldpe grade achiev clariti process ldpe consider limit penetr lldpe sector market flexibl film food packag commiss consid rel eas manufactur switch product grade rise high degre suppli side substitut addit applic appear develop lldpe stretch film investig lldpe absorb major part growth pe grow significantli faster ldpe estim forecast averag growth rate lldpe annum compar annum ldpe year lldpe take major market growth applic ldpe film market specif properti requir commiss investig shown ldpe lldpe blend achiev exact mix properti custom requir ldpe lldpe applic necessarili fulli larg substitut lldpe directli replac ldpe applic past ldpe due mechan properti mention gaug improv tear punctur heat resist sealabl result lldpe applic blend previous domain ldpe blend larg determin physic characterist requir end custom specif strongli influenc differ cost process equip custom parti conform lldpe blend lldpe ldpe extent exert competit pressur ldpe penetr lldpe ldpe market concentr custom supplier expect equip suitabl process lldpe lldpe process ldpe requir power equip achiev result custom invest power convers equip enabl process blend higher level lldpe mention recit narrowest market definit view parti ldpe lldpe lldpe parti due high degre demand side substitut resin high degre suppli side substitut lldpe lldpe ga phase plant earlier decis commiss conclud lldpe separ market argu due volatil copolym octen produc solut process high pressur ga phase process manufactur ldpe lldpe custom ldpe lldpe lldpe end applic lldpe due higher cost remain decid ldpe constitut singl market number market similar characterist applic addit high degre suppli side substitut product consid relev product market ldpe applic lldpe lldpe consid basi demand side consider market relev product market lldpe lldpe suppli side substitut lldpe lldpe hand ldpe due fact lldpe lldpe produc low pressur process ldpe produc high pressur process decid exact market definit product competit problem aris irrespect singl market ldpe lldpe lldpe ldpe separ lldpe lldpe conclus commiss assess product market hdpe individu lldpe individu lldpe lldpe ldpe lldpe lldpe ldpe individu geograph market definit investig confirm conclus reach previou case sector relev geograph market western europ pe resin easili transport transport cost pe resin low distanc km compar product substanti trade flow european countri tariff barrier affect import pe resin eea signific custom duti impos european product pe resin addit low level import western europ ldpe lldpe import share measur volum parti argu number factor impli shift world market pe resin factor includ reduct tariff barrier declin transport cost custom oper worldwid basi consolid produc custom worldwid basi commiss acknowledg factor import futur tariff duti reduc begin consolid produc custom place investig confirm present major geograph market exist western europ usa east western europ relev purpos present assess competit assess parti strategi quot world lead produc polyolefin full rang product mix low cost provid major market pe resin quot merger enabl dow place ucc low cost global product distribut channel worldwid ucc total sale western europ million dow sell ldpe lldpe hdpe eea product facil europ dow sell lldpe lldpe dow total sale pe resin western europ million ucc enichem enter joint ventur agreement result polimeri jointli control produc supplier pe resin polimeri establish develop product market sale polyethylen olefin european market produc ethylen basic monom product polyethylen total annual product manufactur capac tonn subsidiari europ polimeri europa franc sa polimeri europa gmbh germani pe parti market share pe resin market western europ figur includ sale polimeri concentr parti submit lead creation strengthen domin posit pe resin tabl show market share product market discuss gt tabl gt ii hdpe oper rais competit concern hdpe parti low combin market share presenc suffici strong competitor iii ldpe lldpe lldpe dow sell lldpe lldpe western europ product produc dow solut process lldpe constitut separ market horizont overlap parti market market share parti market share ldpe lldpe lldpe constitut singl market ldpe constitut separ market parti combin market share market suffici strong competitor assess ldpe lldpe lldpe constitut singl market ldpe constitut market separ lldpe lldpe oper give rise competit problem market definit iv lldpe ucc add amp lt joint ventur polimeri dow market share dow market share extrem high parti submit strong competitor pe resin market gener parti competitor includ dsm elenac exxon bp petrofina solvai parti stress pe resin market gener characteris price competit larg multin custom low barrier entri product technolog readili licens capac expans exist product expect futur dow major produc lldpe estim market share western europ polimeri produc lldpe resin share amp lt parti combin share time larger signific competitor dsm parti combin lldpe capac time higher lldpe capac dsm parti actual product lldpe time higher product dsm import lldpe signific account thousand tonn total western european market lldpe lldpe produc solut process combin zeigler natta singl site catalyst dow own solut process dowlex develop catalyst convent singl site work process mention dsm polimeri oper solut process western europ produc lldpe potenti competit regard potenti competit parti refer pe capac built middl east parti capac larg signific portion output plant expect export europ view parti competit western european market effect increas parti lldpe share reduc competitor argu current import middl east lldpe base contest parti repli statement object rate import lldpe western europ signific account tonn total western european market lldpe futur develop lldpe resin market segment parti refer plan capac increas base ga phase process western european competitor dsm bp amoco view parti competitor increas ga phase capac impact posit ucc polimeri lldpe commiss view capac increas affect parti posit market lldpe lldpe produc solut process parti argu pe resin market gener characteris low barrier entri commiss view true lldpe potenti competitor lldpe resin produc fund signific capit expenditur vari degre depend situat petrochem market secur raw materi find outlet product dow polimeri dsm produc repres small share lldpe product oper solut process process capabl present produc lldpe potenti competitor make signific capit expenditur experi substanti delai produc lldpe competit gener expect industri resin produc metallocen catalyst import futur section pe technolog due fact metallocen catalyst offer supplier enhanc possibl broaden customis properti resin commiss understand ga phase metallocen product mlldpe mlldpe provid uniqu perform stretch applic dow solut base lldpe metallocen lldpe recent year develop lldpe competitor enabl mlldpe resin produc similar characterist standard lldpe competitor year mlldpe challeng standard lldpe market stretch film present mlldpe commerci produc limit quantiti situat mlldpe regard reason forecast signific constraint combin entiti posit lldpe vi bui power larg custom press supplier price reduct reduc cost squar metr film appli packag produc pressur end user packag materi addit thick reduct packag film kei goal turn reduc environment tax levi gram basi packag kei thick reduct mention enhanc perform lldpe superhexen lldpe base product larg custom bargain power relat parti pull market high perform lldpe resin merger strengthen domin posit conclus pe resin basi forego oper notifi strengthen domin posit western european market sale lldpe dow domin player market sale lldpe posit strengthen addit lldpe activ polimeri conclus notifi oper strengthen domin posit market sale lldpe pe technolog introduct product pe resin requir combin process catalyst initi technolog produc potenti produc pe resin choic develop technolog licens compani own suitabl technolog success technolog licens owner prefer exploit technolog thing equal greater potenti licensor share market product made technolog technolog owner prefer exploit technolog custom pe technolog purchas packag enabl build oper product unit licensor patent proprietari packag includ catalyst process technolog includ catalyst suppli agreement licenc manufactur catalyst licensor gener perform guarante licenc grant plant fix size fix period product tonnag requir payment fix lump sum royalti base product licenc provis set right parti provis deal right licensor license improv made process extens capac product rang license process technolog manufactur pe divid high pressur process exclus manufactur ldpe low pressur process lldpe hdpe high pressur process subdivid tubular autoclav process high pressur process catalyst initi peroxid start polymeris reaction low pressur technolog divid solut slurri ga phase process addit number hybrid process reactor process parti process product hdpe lldpe solut process produc lldpe process capabl produc lldpe slurri process produc hdpe ga phase process produc hdpe lldpe process catalyst develop allow wider rang densiti produc slurri solut process low pressur process catalyst divid convent catalyst ziegler natta chromium singl site catalyst includ metallocen relev product market distinct pe resin pe technolog previou decis differenti suppli pe resin suppli pe technolog clear distinct made provis concret product pe resin larg intang pe technolog includ intellectu properti catalyst product pe approxim current polyethylen capac oper licenc indic substanti market pe technolog market estim worth excess eur million year tabl detail global licens capac process worldwid gt tabl gt ii packag separ market process catalyst technolog commiss survei shown process technolog licens nomin catalyst main reason compani licens pe technolog assur plant built produc pe resin requir qualiti quantiti optimum size pe plant parti cost eur million eur million produc pe resin satisfactorili essenti process catalyst compat pe technolog supplier provid guarante perform plant built intellectu properti pe technolog supplier give open end warranti process work satisfactorili catalyst catalyst work plant situat reflect earlier decis commiss consid relev product market pe technolog compris process catalyst true begin process license process technolog catalyst supplier singl process licens oper catalyst addit catalyst technolog suppli process licensor life plant consider longer origin catalyst suppli agreement market subsequ suppli catalyst catalyst develop time prudent license ensur catalyst work exist plant seek suppli origin licensor decid singl separ market subsequ suppli catalyst strength oper separ market significantli strength market initi packag iii separ market high pressur low pressur technolog earlier decis commiss distinguish high pressur low pressur process technolog high pressur process process capabl produc ldpe equip oper extrem high pressur atmospher temperatur hand low pressur process produc ldpe oper low pressur temperatur differenti fact catalyst high pressur technolog polymeris start initi low pressur technolog catalyst essenti bear characterist resin produc overwhelm major respond commiss enquiri agre distinct made high pressur low pressur process parti argu relev product market includ high pressur low pressur process technolog packag reason pe resin manufactur process compet larg extent end applic choos technolog license end trend applic advantag offer technolog facilit fact resin requir raw materi ethylen low pressur technolog grown faster high pressur technolog compet prefer revers futur develop technolog end geograph differ market penetr low pressur process low pressur preval north america geograph region substitut resin produc process expect increas result improv offer advanc catalyst decis question substitut resin type discuss detail commiss consid resin hdpe ldpe lldpe similar type applic necessarili complet substitut commiss identifi separ product market lldpe lldpe made high pressur process reinforc distinct high low pressur process type resin rang specif properti ldpe good process hdpe suitabl mould rigid compon lldpe product stretch film argument pe resin compet larg extent support parti suggest process product pe resin reli convers ethylen technolog regard market conceiv plant cost result product ident differ larg irrelev choic process technolog potenti license develop end user measur term potenti requir individu resin made decis process technolog identifi ldpe necessarili choos high pressur process technolog ldpe made low pressur rout similarli decid busi opportun lie product hdpe lldpe low pressur technolog growth rate process technolog reflect demand resin demand ldpe product made high pressur process stagnant low pressur product hdpe lldpe grown recent year futur develop high pressur process make ldpe matur subject major technic develop major resurg demand high pressur process technolog relat end applic sign custom instal power equip enabl lldpe lower process ldpe made high pressur technolog trend observ revers geograph differ penetr process geograph region process technolog product market chemic plant long live plant oper year substanti stock servic product equip major develop pe low pressur technolog made north american compani notabl ucc dow phillip natur time lag technolog penetr region technolog introduc develop plant shown work licens parti high pressur process practic process develop expect replac high pressur process low pressur process follow pattern north america time lag born repli commiss enquiri show respond expect proport lldpe resin produc low pressur technolog increas expens ldpe produc high pressur process respond commiss questionnair forese addit demand ldpe present geograph variat penetr process disappear pronounc time advanc catalyst improv characterist extend rang applic exist pe resin substitut fact basi current limit experi advanc catalyst produc resin uniqu combin properti commiss conclud distinct made high pressur technolog packag low pressur technolog packag high pressur process tubular autoclav base process technolog constitut singl relev market consid whichev market definit chosen oper give rise competit concern transact rais competit concern relat market initi high pressur process technolog high pressur process technolog low pressur process distinct made low pressur process physic characterist equip process specif solut process gener make lldpe process product lldpe polymeris process take place solut resin produc dissolv organ solvent stage resin reclaim boil solvent stage product pe resin solut process slurri process primarili make hdpe lldpe process polymeris take place inert liquid take part reaction dissolv resin pe resin form dispers liquid physic separ liquid medium stage compar quick easi inexpens chang grade type resin slurri process ga phase process make hdpe lldpe polymeris take place enclos vessel polym continu extract fluidis bed reactor stage requir product ga phase plant switch lldpe hdpe ga phase plant design provid swing capac ga phase plant oper steadi condit high throughput bulk product largest pe product facil ga phase plant capac tonn year capit cost tonn capac ga phase plant product hdpe lldpe lower process repli commiss enquiri respond commiss enquiri parti agre distinct made process solut slurri ga phase process specif advantag disadvantag ga phase suit product larg volum bulk product hdpe lldpe low capit cost slurri offer high level flexibl product hdpe hand lldpe hand solut offer possibl produc lldpe potenti license identifi market market intend serv choic technolog made larg degre true ga phase plant prima faci indic separ low pressur technolog packag market ga phase slurri solut support ga phase concern tendenc observ market decid individu market singl combin market oper give rise competit problem whichev definit chosen relev geograph market previou decis deal polyolefin technolog commiss conclud relev geograph market global reach conclus basi polyolefin technolog develop north america western europ japan firm area licens technolog area rest world geograph constraint potenti license choic technolog tariff barrier transport cost plai part licensor activ worldwid respond commiss pe technolog survei actual potenti license licensor independ parti support conclus unanim relev geograph market pe technolog worldwid assess assess capac licens grant parti consid calcul market share decis licens subsidiari joint ventur compani made competit basi high pressur process technolog ucc licensor high pressur technolog dow licens high pressur technolog parti overlap ucc market share autoclav tubular process largest competitor ici competitor share capac licens ucc activ licens high pressur tubular process technolog market share propos oper creat strengthen domin posit market high pressur technolog market high pressur tubular process technolog solut slurri low pressur technolog dow ucc licens solut slurri low pressur technolog packag parti oper lead creation strengthen domin posit market ga phase low pressur technolog ucc global licensor ga phase technolog unipol commerci licens univ act exclus agent univ joint ventur ucc exxon establish research develop market licens process catalyst system ga phase slurri plant exxon contribut metallocen catalyst technolog develop made ga phase process technolog supercondens mode technolog univ exclus licenc addit joint ventur manufactur market sell advanc catalyst manufactur pe resin joint ventur seek grant pe technolog licenc plant retrofit exist plant ucc share capac pe technolog licens parti year period successfulli licens ga phase technolog competitor market bp amoco half market share ucc montel sixth size oper result aggreg market share dow activ licensor ga phase process technolog recent boreali sign licenc compani hybrid slurri ga phase borstar process mitsui announc interest grant licenc seri reactor ga phase technolog compani licens ga phase technolog independ parti gt tabl gt kei factor potenti license account posit potenti supplier ga phase process technolog packag relat advanc catalyst metallocen catalyst develop offer consider advantag improv characterist resin produc extend rang product made potenti license produc resin metallocen catalyst futur ensur packag acquir enabl metallocen catalyst futur pe resin plant live thirti year capit cost optimum size ga phase plant eur million eur million situat import resin produc packag acquir capabl advanc metallocen catalyst catalyst technolog licensor freedom oper sell resin dow obtain joint control share univ success ga phase process technolog unipol futur exxon metallocen catalyst pe produc repli commiss questionnair lead metallocen catalyst own dow catalyst protect lead patent field posit challeng parti propos oper exploit catalyst control dow directli case metallocen catalyst indirectli univ relat exxon catalyst intellectu properti situat relat metallocen catalyst complex individu patent consid major repli commiss questionnair consid combin dow ucc univ sever reduc option compani wish ga phase process technolog metallocen capabl respond commiss enquiri put quot potenti license expect licensor make proven technolog free parti patent right license licenc licensor offer technolog meet requir licensor meet requir due intellectu properti constraint license turn licensor licensor amend requir refrain take licenc quot produc state quot combin dow union carbid face competit singl site catalyst technolog quot refer union carbid understood mean univ concentr acquisit dow indirect control exploit exxon metallocen catalyst acquisit ucc share univ entiti year licensor offer metallocen catalyst capabl offer packag includ possibl catalyst legal certainti intellectu properti right circumst potenti license natur prefer combin entiti combin process catalyst detail competitor bp import competitor univ suppli ga phase low pressur process technolog packag work dow joint research develop agreement dow metallocen catalyst bp ga phase technolog memorandum understand provid joint commerci exploit develop technolog success establish joint ventur similar univ year work parti reach stage commercialis jointli develop technolog dow termin joint develop agreement regular decis point agreement laps bp left credibl metallocen catalyst market ga phase technolog compet bp residu right joint develop agreement parti bp free practic licens licens jointli develop catalyst ga phase process agreement point absenc provis submit issu bp dow pendulum arbitr dow de facto veto bp abil licens licens jointli develop technolog case claus extend dow background patent competitor successfulli grant licenc parti year montel spherilen process montel metallocen catalyst develop posit intellectu properti right unclear potenti licensor parti correctli state realis project nicol creation joint ventur combin shell basf polyethylen polypropylen activ case comp montel access basf metallocen patent develop view polypropylen product compet metallocen catalyst system ga phase process incent catalyst owner seek partner exploit product catalyst control singl group incent consider reduc true group domin ga phase process technolog parti natur behaviour develop catalyst unipol process technolog interest grant licenc collabor potenti competitor barrier entri market easili enter license make consider capit invest eur million instal pe technolog purchas plant life year potenti license step ensur make correct decis choos pe technolog packag licensor give guarante technolog produc requir quantiti qualiti resin licensor undertak pai penalti agre level met case failur partial failur license credibl custom reduc unabl meet requir term volum qualiti addit financi effect compar small diverg term product cost output low margin busi pe resin product pe technolog constantli evolv potenti license requir assur licensor research develop facil improv upgrad licens technolog life plant track record area indispens field pe technolog cover multitud patent cover process technolog aspect catalyst resin made process potenti license assur licensor grant licens act vigor protect right abil license continu oper product plant sell output licensor show pe technolog packag work prefer industri scale ideal demonstr oper process produc client desir volum rang pe resin full scale plant larg scale pilot plant demonstr commit research develop requir consider invest laboratori pilot plant demonstr protect intellectu properti right continu regard futur develop parti set requir success licensor quot order compet pe technolog market prospect licensor possess acquir infrastructur requir licens busi includ engin technic support market legal sale catalyst suppli train capabl quot dow success solut process licens present quot perceiv costli invest poor prospect adequ return creat infrastructur licens solut pe technolog quot parti note quot prospect license prefer licensor establish record success licens quot establish licensor consider advantag achiev record public domain newcom find difficult situat demonstr success track record licens activ unabl find custom enabl gain experi minimum potenti licensor demonstr combin process catalyst technolog work product facil exist ga phase pe resin produc enter ga phase pe technolog licens market number potenti competitor limit medium term oper ga phase process technolog limit number owner ga phase process technolog enter market prepar risk face establish incumb univ bp amoco montel establish track record note compani list tecnon studi licens licensor ga phase technolog grant licenc independ parti year licens subsidiari joint ventur involv competitor exist licensor owner compet ga phase process technolog face similar problem relat metallocen catalyst capabl import intellectu properti right held dow exxon potenti competit low pressur process ga phase import low pressur process technolog import technolog account half total licens pe capac licens low pressur capac ga phase process technolog regard major respond commiss enquiri product process capac product bulk lldpe hdpe repli respond ga phase process technolog technolog develop lldpe product relat lldpe respond commiss questionnair futur develop ratio ldpe lldpe thought proport lldpe increas consider proport pe capac product lldpe parti estim addit million tonn ga phase capac requir million tonn capac licens past ga phase capac licens underestim repres estim total market low pressur process technolog volum indic license continu seek ga phase pe technolog packag ga phase remain import low pressur pe technolog process suit futur requir larg part industri constrain behaviour ga phase pe process licensor gener parti argument parti refut commiss conclus statement object oper result strengthen domin posit market ga phase pe technolog packag low pressur pe technolog packag parti present argument main argument market share suffici show domin market pe technolog packag bid market competitor equal chanc win licenc variat market share time competit market argument treat commiss claim mere fact ucc sale unipol pe technolog high market share suffici demonstr ucc domin import indic domin ucc share calcul basi capac licens parti long period year period broken year period period suffici long elimin abnorm effect licenc produc shorter time period ucc market share remain uniformli high addit commiss factor consider includ fact ucc larg instal base effect licens organis proven track record regard pe technolog licens market bid market simplist potenti license success track record product resin technolog licens technolog license enter long term relationship licensor obtain maximum reassur process licens produc anticip result licensor research develop technic back resourc ensur plant remain effect competit licensor ensur freedom oper sell resin produc act protect licens intellectu properti right entiti posit offer element competitor parti closer examin year year variat market share show market competit true signific variat market share individu year due larg size compar rariti licenc figur produc parti support argument show parti share number licenc grant year method chosen commiss examin capac licens year period prudent measur situat date singl licenc sign make import differ figur singl year ucc year establish unrival posit ga phase technolog busi base abil meet license situat reflect continu high market share continu high market share consolid posit serv track record competitor record licens parti sever disadvantag impress track record argument put forward parti dow access exxon metallocen catalyst dow access ga phase process technolog dow metallocen catalyst proven ga phase parti argu dow access exxon exxpol metallocen catalyst true irrelev dow acquir result propos oper joint control exxpol metallocen catalyst exploit univ dow retain sole control insit metallocen catalyst parti dow access ga phase process technolog true commiss argument base overlap relat ga phase process technolog commiss consid acquir ucc dow acquir domin unipol ga phase process technolog domin strengthen combin unipol metallocen catalyst univ dow parti claim respons statement object dow metallocen catalyst proven ga phase respons report success jointli develop technolog commerci trail commiss consid propos oper strengthen domin posit previous held univ relat suppli packag suppli ga phase pe technolog conclus relat ga phase pe process technolog packag ucc domin market suppli ga phase process technolog packag domin strengthen combin dow univ metallocen catalyst strengthen aris distinct effect entiti control directli indirectli lead metallocen catalyst technolog posit bp significantli weaken access proven metallocen catalyst technolog posit parti made difficult combin parti suit patent entiti combin independ licens opportun univ dow wish develop market metallocen catalyst event bp dow recommenc cooper previous envisag order jointli offer ga phase technolog packag market strengthen domin posit dow control control domin ga phase process technolog largest compet ga phase process technolog licens lead metallocen catalyst low pressur pe process technolog packag oper give rise competit problem relev product market suppli low pressur pe technolog packag parti market share tabl relat capac licens period gt tabl gt ucc market share year period increas import ga phase process recent year mean ucc share higher period repli commiss enquiri includ parti ga phase process continu make major licens capac futur ucc larger competitor bp addit bp montel licens ga phase technolog phillip mitsui slurri nova solut successfulli licens low pressur technolog year competitor suffer difficulti compet wider market relat market ga phase pe technolog packag respond suggest quot medium term possibl process capabl compet unipol disappear quot difficulti face potenti entrant market suppli low pressur process technolog packag consider extrem compani involv product pe resin successfulli licens low pressur technolog packag current produc find difficult combat advantag incumb conclus relat low pressur technolog ucc domin market suppli low pressur process technolog packag domin strengthen combin dow univ metallocen catalyst strengthen aris distinct effect entiti control directli indirectli lead metallocen catalyst technolog posit bp significantli weaken access proven metallocen catalyst technolog entiti combin independ licens opportun univ dow wish develop market metallocen catalyst consider recommenc cooper bp dow recit appli present context conclus pe technolog oper strengthen domin posit ucc market suppli ga phase process technolog packag suppli low pressur process technolog packag appli market catalyst technolog suppli order upgrad exist plant ethyleneamin relev product market ethyleneamin commod chemic intermedi product deriv ethylen distinct product process obtain ethyleneamin edc process reaction ethylen dichlorid ammonia produc ethyleneamin reaction ethylen dichlorid ammonia process produc entir rang ethyleneamin aminoethylethanolamin aeea reduct amin ra process produc ethyleneamin reaction ethanolamin mea ammonia hydrogen process produc higher ratio ethylenediamin eda produc number ethyleneamin obtain edc process produc aeea order produc entir rang ethyleneamin access product process competitor dow ucc produc ethyleneamin basf akzo control bayer product site germani tosoh delamin joint ventur akzo tosoh compani dow akzo bayer leverkusen site basi toll agreement delamin tosoh edc process akzo swedish product site basf ra process ucc edc ra process inform provid commiss parti gather market enquiri commiss show ethyleneamin constitut product market inform show varieti ethyleneamin substitut product demand side substitut varieti ethyleneamin ethyleneamin larg varieti applic includ bleach activ eda fungicid eda epoxi harden eda deta teta tepa piperazin hpa aep lube oil addit teta tepa hpa fuel addit eda deta teta tepa aeea asphalt addit tepa hpa aep paper resin deta deterg aeea deta chelant eda deta aeea pharmaceut piperazin ethyleneamin applic substitut varieti applic purpos ethyleneamin substitut margin case substitut varieti ethyleneamin technic possibl achiev expens time consum test reformul factor line forego demand side analysi varieti ethyleneamin sold price unit state import duti ethyleneamin vari ethyleneamin varieti inform provid parti market enquiri varieti ethyleneamin homogen product specif grade eda supplier applic suitabl eda true ethyleneamin parti produc specif blend ethyleneamin custom custom proprietari specif notifi parti claim relev product market ethyleneamin parti claim suppli side substitut type ethyleneamin parti invok form reason view ethyleneamin produc fix ratio product process parti drew conclus close suppli side relationship type ethyleneamin argument support case singl market ethyleneamin base suppli side substitut inform provid parti stage show produc vari product ratio extent product varieti ethyleneamin produc split vari limit alter process reactor condit recycl finish homologu reactor parti produc ethyleneamin ratio gt tabl gt possibl modifi product ratio limit vari product process vari produc confirm commiss market enquiri adapt made limit extent involv complex oper chang output ratio maintain qualiti ensur stabl oper plant increas proport product chang condit reactor chang condit lead unwant increas decreas homologu limit condit suppli substitut justifi singl relev product market parti claim market share parti differ significantli varieti order support argument favour product market ethyleneamin market share provid parti show variat market share individu ethyleneamin dow ucc basi element product market defin market ethyleneamin assess base separ market eda deta teta tepa aeep piperazin aep hpa relev product market ethyleneamin assess chang relev geograph market parti geograph market ethyleneamin european worldwid market characteris produc suppli entir world demand dow product site unit state america europ produc suppli rest world singl product site europ japan unit state america ucc instanc suppli entir european demand unit state america product site europ order compet region world europ product site commun requir import parti transport cost plai role safeti restrict transport commiss enquiri confirm view duti signific impedi trade basi element relev geograph market ethyleneamin worldwid assess dow ucc akzo includ product bayer leverkusen basf tosoh activ market ethyleneamin sixth produc delamin joint ventur control jointli akzo tosoh propos concentr market effect left dow ucc basf akzo tosoh joint ventur delamin volum total world sale ethyleneamin estim parti thousand tonn valu eur million biggest product eda account thousand tonn eur million deta thousand tonn eur million teta thousand tonn eur million detail contain tabl gt tabl gt basi figur ethyleneamin dow ucc world market share largest competitor akzo group includ delamin basf tosoh tabl parti market share major ethyleneamin gt tabl gt tabl show market share situat ethyleneamin similar varieti ethyleneamin eda dow ucc world market share deta teta aeea combin market share parti market share parti tepa aep combin market share parti hpa piperazin market share addit dow sell refin piperazin parti claim describ quot huge overcapac quot thousand tonn equal global capac figur provid parti result investig show spare capac attribut parti whilst attribut tosoh parti tosoh recent tripl capac start phase tosoh put spare capac market immedi capac magnitud put domin market posit dow ucc question market characteris matur market tendenc declin parti entri place year akzo enter market acquisit berol nobel present joint ventur japanes produc tosoh arrang bayer akzo gain access edc product facil establish green field product facil entri requir long term multimillion dollar invest light element abovement overcapac conclud entri barrier potenti competitor high parti claim subject increas bui power strong multin custom manifest global negoti long term contract intens price competit repli commiss investig largest multin custom feel exercis countervail bui power price competit relat larg custom take place consider degre dow ucc virtu larg product capabl suppli requir custom combin dow ucc highli detriment price competit big custom expect price increas merger conclus ethyleneamin view market posit parti concentr notifi oper creat domin posit parti area ethyleneamin eda deta teta tepa aeea aep hpa ethyleneamin product market domin posit creat market vi commit parti formal present commit undertak march resolv competit concern identifi commiss commit subsequ member advisori committe market test result market test commit requir clarif modif ensur clear competit problem elimin parti submit adjust commit commit deal problem area identifi commiss lldpe resin pe technolog ethyleneamin summaris lldpe resin parti undertak polimeri europa srl polimeri sell lldpe busi includ polimeri entir pe resin product plant priolo itali divest ucc interest polimeri pe technolog open licenc dow undertak grant interest parti exclus licenc licens background metallocen patent own control dow ga phase slurri rare case dow patent subject prior right pre exist contract patent result research collabor univers parti case materi affect scope open licens commit dow commit effort resolv situat permit license directli negoti parti open licenc extend dow right patent exxonmobil univ result settlement agreement extent dow free convei right extens effect grant immun extent dow convei right suit exxonmobil univ patent parti pass immun offer sublicens dow background patent univ divestitur dedic ga phase background metallocen technolog bp amoco dow undertak sell bp asset dedic ga phase metallocen pe technolog includ dow ownership right technolog jointli develop bp joint develop agreement dow dedic ga phase metallocen resin patent bp grant exclus right dow background patent settlement agreement made dow hand exxon univ mitsui asahi extent dow convei procur right transfer dow prepar enter amp servic agreement bp year enabl transfer metallocen ga phase dow bp bp offer opposit dow extend job offer dow employe involv work joint develop agreement propos servic agreement segreg dow insit technolog dow undertak grant licenc univ background metallocen catalyst patent assign patent univ ga phase slurri process pursuant settlement agreement univ dow effect provis fact parti prohibit sublicens dow background metallocen patent univ mean univ obtain licenc bp ethyleneamin dow undertak divest entir worldwid ethyleneamin busi integr stand busi unit consist product plant freeport texa dedic intellectu properti right sale contract manag oper staff includ market sale manufactur amp technic servic dow manufactur unit terneuzen netherland request suppli buyer ethyleneamin busi ethyleneamin plant plate capac full text commit set annex vii assess commit lldpe resin divest priolo product facil part polimeri plant make lldpe ucc control complet elimin overlap aris combin dow ucc lldpe oper similarli divest ucc sharehold polimeri remov overlap aris oper complet pe technolog open licenc commit grant open licenc dow background patent interest parti elimin anti competit effect result bring suit patent own exxon licens univ dow effect parti obtain patent licenc enabl practic metallocen technolog make sell pe resin ga phase slurri process fear litig dow extent cover settlement agreement exxon univ settlement agreement intend cover metallocen catalyst ga phase process parti improv posit obtain protect litig dow extent univ exxon encourag metallocen catalyst encourag develop licensor open licenc remov advers effect result addit patent suit held dow exxon increas opportun parti wish develop metallocen catalyst divestitur dedic ga phase background metallocen technolog bp dow divest dedic ga phase pe metallocen catalyst technolog bp grant worldwid exclus licens dow metallocen background patent exxon univ patent transfer right mitsui asahi agreement measur transfer discuss enabl bp provid effect competit merg entiti market ga phase technolog packag includ abil offer metallocen catalyst transfer dow offer bp research develop servic agreement period year enabl bp continu research initi joint develop agreement build metallocen catalyst research oper fact dow oppos transfer research personnel signific involv joint develop agreement propos amp servic agreement enabl bp wish recruit peopl forward metallocen research relat ga phase oper marri insit metallocen catalyst bp innov ga phase process technolog counteract loss expertis bp result termin joint develop agreement enabl bp develop expertis measur contribut elimin weaken bp result oper segreg dow insit technolog commit dow licenc background metallocen patent assign patent univ ensur overlap aris addit metallocen patent suit result propos oper remov addit direct measur open licenc dow background patent prohibit prevent license licens technolog univ circumv main purpos commit addit dow agre bound compet coven univ format agreement compet univ field ga phase slurri pe technolog packag licenc background technolog purpos commit commiss open licenc pre exist contractu oblig parti final dow undertaken consent chang competit claus univ format agreement agreement commiss measur ensur effect separ exxon dow metallocen catalyst technolog maintain extent concentr arbitr grant open licenc divestitur bp dedic ga phase technolog licenc background patent servic agreement bp subject payment commit provid arbitr mechan pendulum arbitr resolv disput term agreement parti initi arbitr procedur time request prospect license open licens licenc effect provis contribut effect remedi measur concern conclus pe technolog summari propos commit relat pe technolog address concern identifi commiss area ethyleneamin propos divest dow entir world wide ethyleneamin busi effect elimin overlap aris propos oper relat sale free market result free market share combin dow ucc busi individu ethyleneamin dow consider part product downstream activ divest dow product facil enabl owner suppli dow exist custom facil buyer discret terneuzen plant namepl capac buyer flexibl addit capac enabl increas market share make effect competitor buyer vari tonnag take terneuzen plant short term requir month advanc divest packag includ factor owner compet effect includ product facil dedic intellectu properti right sale contract includ manag oper sale market technic support amp personnel fact divest includ edc plant eea product facil freeport unit state america owner produc entir rang ethyleneamin compet effect individu homologu freeport site made independ dow util typic share chemic site facil owner obtain suppli raw materi sourc dow ensur dow undu influenc cost divest oper relat owner share output terneuzen plant charg cost dow disadvantag owner fact owner bulk product facil unit state america handicap repres chang dow current situat compani includ ucc compet successfulli worldwid singl product facil final note edc process oper freeport terneuzen higher cost ra process prevent compani dow delamin tosoh compet effect date fact addit cost compens product rang edc process viii conclus reason commiss conclud condit commit fulli compli oper compat common market function eea agreement adopt decis articl condit undertak submit parti set annex decis fulli compli concentr dow chemic compani acquir control undertak union carbid corpor declar compat common market function eea agreement articl decis address dow chemic compani scott pennock esq counsel dow center midland michigan unit state america brussel commiss mario monti member commiss oj correct version oj oj oj part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk process monom react produc long chain repeat seri monom call polym case iv union carbid enichem oj case iv exxon dsm oj case iv boreali ipic omv pcd oj case iv exxon dsm oj case iv exxon dsm oj case iv elenac hoechst oj case iv basf shell ii oj case iv union carbid enichem oj common blend ldpe lldpe ratio case lldpe stretch applic case iv exxon dsm oj lldpe made solut process slurri process econom slurri process viabl lldpe case iv exxon dsm oj point case iv union carbid enichem oj case iv exxon dsm oj case iv basf shell oj case iv boreali ipic omv pcd oj case iv elenac hoechst oj defin eea area switzerland enichem lead chemic petrochem manufactur itali creation polimeri clear commiss case iv ucc enichem march equat petroleum compani ksc joint ventur kuwait ucc state own kuwait oil compani ucc interest equat equat produc lldpe dow plant schkopau germani start produc pe resin dow capac rose thousand tonn high pressur process catalyst case iv shell montecatini oj case union carbid enichem oj case elenac hoechst oj case iv union carbid enichem oj case iv elenac hoechst oj case iv union carbid enichem oj case iv shell montecatini oj case iv union carbid enichem oj annex full english text undertak refer articl consult commiss websit http europa eu int comm competit index en html