Temporary government intervention in Venezuela
Smurfit Kappa Group plc confirms that officials from the Venezuelan government have announced a temporary intervention at the Group’s subsidiary Smurfit Kappa Carton de Venezuela.
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.
Smurfit Kappa Carton de Venezuela (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.