Columbian Authority Finds Productos Familia Guilty in Anti-Trust Tissue Inquiry

Productos Familia S.A., Colombia, of which SCA, Stockholm, Sweden, 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 170 million.

As earlier communicated, SCA made a provision of approximately SEK 100 million 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 70 million 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 Familia to update its Code of Conduct, which we also mention in our sustainability report, page 43. Familias code of conduct is now in line with SCA’s and based on international standards such as the OECD Guidelines for Multinational Enterprises and the UN Global Compact Principles.

All questions about this matter should be addressed to Familia, SCA notes.