Productos Familia S.A., Colombia, of which SCA owns 50% of the shares, has been found guilty in an anti-trust inquiry related to tissue products conducted by the Colombian competition authority. The inquiry, which targeted Familia and four other companies in the market, pertains to activities that took place up until 2013. Familia will be fined approximately SEK 170m.
As earlier communicated, SCA made a provision of approximately SEK 100m related to the Colombian competition authority’s ongoing review of Familia. The amount was reported as an item affecting comparability in the first quarter of 2016. SCA will make an additional provision of approximately SEK 70m related to the tissue category. The amount will be reported as an item affecting comparability in the second quarter of 2016.
The investigation in Colombia regarding the baby diapers category is still ongoing and no provision has been made for this.
SCA takes the matter very seriously. Since 2013, SCA has supported the company to revise its Code of Conduct based on a European model. As stated on page 43 of SCA’s sustainability report, Familia’s Code of Conduct now complies with all new legislation and the UN framework for business and human rights.
All questions about this matter should be addressed to Familia.
For further information, please contact: Karl Stoltz, Media Relations Manager, 0046 (8) 788 51 55
Attached file: Productos Familia S.A., Colombia