Smurfit Kappa Group confirms temporary intervention by Venezuelan government at its Carton de Venezuela facility as part of nationwide program of inspections, audits that cover tax, costs, pricing and employment practices
Elyse Blye
DUBLIN
,
December 2, 2013
(press release)
–
Smurfit Kappa Group plc (‘SKG’ or the ‘Group’) confirms that officials from the Venezuelan government have announced a temporary intervention at the Group’s subsidiary Smurfit Kappa Carton de Venezuela (‘SKCV‘). This is part of a nationwide programme of inspections and audits at both locally and internationally owned companies, conducted by a number of government Ministries and agencies. The intervention allows for further inspections and audits covering areas such as tax, costs, pricing and employment practices. SKCV retains management of the company and is co-operating fully with the government officials. SKCV is committed to operating its business to ensure the on-going supply of products and services to its customers.
About Smurfit Kappa
Smurfit Kappa is one of the leading producers of paper-based packaging in the world, with around 41,000 employees in approximately 350 production sites across 32 countries and with sales revenue of €7.3 billion in 2012.
Innovation, service and pro-activity towards customers, using sustainable resources, is our primary focus. This focus is enhanced through us being an integrated producer, with our packaging plants sourcing the major part of their raw materials from our own paper mills. We are the European leader in paper-based packaging, operating in 21 countries selling products including corrugated, containerboard, bag-in-box, solidboard and solidboard packaging. We have a growing base in Eastern Europe in many of these product areas. We also have a key position in other product/market segments including graphicboard, MG paper and sack paper.
We are the only large scale pan regional player in the Americas, operating in 11 countries in total in North, Central and South America.
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