Main > A1. CORP. INDEX. Sn-Sz > Sunoco Inc/P C2 > 2005. 10.03.2005. PhOH>Honeywell

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An arbitrator has found Sunoco liable for breaching a phenol supply agreement in a case filed by Honeywell International, Sunoco says. The arbitration concerns prices charged to Honeywell for phenol produced at Sunoco s Philadelphia plant between July 2003 and the end of 2004. The decision assesses damages of $40 million after tax, which will be charged against Sunoco s earnings for third-quarter 2005. The award also includes additional damages for the period of Jan. 1 through April 30, 2005, which have been suspended pending the outcome of a challenge Sunoco has brought in federal district court


2005. 10.03.2005. PhOH>Honeywell's products
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