Productos Familia S.A., Colombia
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
SCA is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands, including the leading global brands TENA and Tork, and regional brands, such as Libero, Libresse, Lotus, Nosotras, Saba, Tempo, Vinda and Zewa. As Europe’s largest private forest owner, SCA places considerable emphasis on sustainable forest management. The Group has about 44,000 employees. Sales in 2015 amounted to approximately SEK 115bn (EUR 12.3bn). SCA was founded in 1929, has its headquarters in Stockholm, Sweden, and is listed on NASDAQ OMX Stockholm. For more information, visit www.sca.com.