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, as the company said in the press release received by Lesprom Network.

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 170 million ($20.4 million).

As earlier communicated, SCA made a provision of approximately SEK 100 million ($12 million) related to the Colombian competition authority’s ongoing review of Familia. The amount was reported as an item affecting comparability in the 1Q 2016.

SCA will make an additional provision of approximately SEK 70 million ($8.4 million) related to the tissue category. The amount will be reported as an item affecting comparability in the 2Q 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.

SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products.

 

Source : lesprom.com

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