commiss decis juli declar concentr compat common market function eea agreement case comp blackston acetex notifi document number english text authent ec juli commiss adopt decis merger case council regul ec januari control concentr undertak articl regul confidenti version full decis found authent languag case work languag commiss websit director gener competit address http europa eu int comm competit index en html januari commiss receiv notif propos concentr pursuant articl regul ec undertak celanes corpor quot celanes quot control blackston crystal hold capit partner quot blackston quot cayman island acquir mean articl regul undertak acetex corpor quot acetex quot canada purchas share blackston privat merchant bank compani base activ financi advisori servic privat equiti invest properti invest compani control blackston quot celanes quot activ product market acetex celanes chemic compani activ global main sector chemic product acet product technic polym food ingredi chemic product sector celanes manufactur basic chemic acet acid acet anhydrid vinyl acet monom quot vam quot perform chemic polyvinyl alcohol quot pvoh quot emuls specialti chemic includ carboxyl acid alcohol amin ester acetex activ acetyl plastic busi princip product acetex acetyl busi acet acid vam repres acetex acetyl sale acetex acetyl product includ acet acid deriv acet anhydrid pvoh polyvinyl acet quot pvac quot advisori committe concentr meet june deliv favour opinion draft decis grant clearanc submit commiss hear offic report date june view parti heard respect relev market relev product market commiss investig show relev product market acet acid vam acet anhydrid pvoh acet acid intermedi chemic product product chemic includ vam pvoh acet anhydrid acet ester monochloroacet acid commiss investig show acet acid constitut separ product market substitut product market vam commod chemic deriv acet acid vam produc wai ad acet acid acetylen ii ad acet acid ethylen iii reaction acet anhydrid acetaldehyd commiss investig show vam constitut separ product market fragment acet anhydrid basic chemic primarili approxim product cellulos acet flake turn raw materi acet tow make cigarett filter yarn engin plastic acet anhydrid includ manufactur pharmaceut deterg commiss investig show acet anhydrid consid separ product market fact substitut acet anhydrid pvoh water solubl synthet polym belong broader group high barrier polym pvoh obtain polymer vam commiss investig shown substitut product purpos decis pvoh constitut separ relev product market relev geograph market kei issu case defin relev geograph scope acet acid vam acet anhydrid parti submit geograph market global base view main point import satisfi western european demand transport cost import duti nation regul inhibit worldwid trade product concern major global produc suppli western europ sole import global trade flow shift freeli asia eastern europ western europ north america respons local suppli demand price highli correl geograph region worldwid market investig parti argument verifi gener confirm commiss analys trade flow acet acid vam acet anhydrid world region averag price charg region structur price import product transact transport storag duti cost capac develop major respond investig consid relev geograph market global product support claim definit geograph market acet acid vam parti submit number econometr studi price correl analysi analysi impact unexpect plant outag trade flow view point global market commiss carefulli review replic studi conduct studi accur data result geograph market acet acid vam includ eea north america wide global reason set decis conclud purpos case relev geograph market acet acid vam acet anhydrid global past decis commiss consid relev geograph market type high barrier polym includ pvoh worldwid broadli confirm commiss market investig decis conclud relev geograph market pvoh global ii assess global market acet acid market share entiti amount celanes acetex term capac celanes acetex term merchant sale combin entiti face competit current largest player market bp capac merchant sale strong player millennium capac merchant sale daicel capac merchant sale commiss analys competitor capac restrain anti competit price increas custom easili switch supplier event price increas level concentr market examin possibl propos oper give rise coordin effect decis conclud unilater effect capac increas faster project demand suffici capac defeat potenti price increas appear easi custom chang supplier larg major custom obtain suppli multipl sourc coordin effect decis conclud effect carefulli examin market structur market transpar credibl retali mechan reaction custom current potenti competitor global market vam market share entiti amount celanes acetex term capac celanes acetex term merchant sale parti face competit larg player dow capac merchant millennium capac merchant dupont capac dairen capac merchant bp capac merchant similar reason set acid acet market care examin characterist vam market decis conclud unilater effect decis conclud coordin anticompetit effect vam market substanti gap parti merchant market share largest competitor addit level integr technolog give rise cost structur incent produc reduc likelihood success ordin global market acet anhydrid market share entiti amount celanes acetex term capac celanes acetex term merchant sale parti face competit bp eastman jilin daicel market share merchant sale market strong competit combin entiti face competitor produc competit cost decis conclud notifi oper significantli imped effect competit global market acet anhydrid likelihood coordin effect examin decis conclud effect exclud global market pvoh market share entiti amount celanes acetex term capac celanes acetex term merchant sale combin market share parti exercis market power decis conclud oper significantli imped effect competit global pvoh market final commiss assess potenti effect transact vertic relat market celanes acetex downstream vertic integr compani sens acet acid produc acet anhydrid vam vam produc pvoh celanes activ downstream market emuls emuls powder cellulos acet acet ester acetex consum ethylen vinyl acet resin copolym pvac resin low market share parti small increment brought transact relev market decis conclud transact affect vertic relat market iii conclus reason set commiss conclud propos concentr significantli imped effect competit common market substanti part result creation strengthen domin posit concentr declar compat common market eea agreement accord articl merger regul articl eea agreement oj oj commiss decis june declar concentr compat common market case iv solvai basf council regul eec oj part text edit ensur confidenti inform disclos part enclos squar bracket