SCA Comments on Reports in Swedish Media Regarding Productos Familia S.A.
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The Colombian competition authority is currently conducting an anti-trust inquiry that includes the company Productos Familia S.A., which is 50% owned by SCA (Sweden). Productos Familia S.A. is listed on the Colombian Stock Exchange.
"Free and undistorted competition is an important cornerstone in every society and for every business operation. We take a very serious view of all cases in which our business is called into question. In this particular area, SCA has a comprehensive, ongoing program for training employees and ensuring adherence to competition rules," said Kersti Strandqvist, SVP, Corporate Sustainability, SCA.
SCA explains that it conducts operations in more than 100 countries and, in many cases, holds leading market positions. It is natural, it adds, that SCA, similar to other major international companies, is the subject of investigations by such institutions as competition authorities in various contexts and for various reasons.
According to SCA, competition authorities are currently reviewing the joint venture Familia’s operations in Colombia, Ecuador, and Peru, as well as SCA’s wholly owned businesses in Chile, Spain, Poland, and Hungary. In all instances, SCA and/or its joint ventures is/are cooperating with the authorities and providing the requested information, the company emphasizes.
SCA notes that the ongoing inquiries will not have a material financial impact.
