OUR GLOBAL BUSINESS
We are a FTSE 100 company and one of the leading providers of paper-based packaging solutions in the world, with around 46,000 employees in approximately 350 production sites across 35 countries and with a revenue in excess of €9 billion in 2019. We are located in 23 countries in Europe, and 12 in the Americas and the only large-scale pan-regional player in Latin America. We have an unrivalled portfolio of paper-packaging solutions, which is constantly updated with our market-leading innovations. This is enhanced through the benefits of our integration, with optimal paper design, logistics, timeliness of service, and our packaging plants sourcing most of their raw materials from our own paper mills.
OUR UK BUSINESS
Our UK business operations include 2 paper mills in our Paper division, 6 recycling plants in our Recycling division, 30 manufacturing operations and various office locations in our Corrugated division. Our external supplier network is predominantly based in the UK and Europe. Our Global Sourcing Category Management team coordinate the sourcing of each main category within SK, ensuring consistent oversight of our suppliers and their compliance with our expectations. They are assisted by a team of Project Managers for Group tenders and sourcing Cost-Take-Out and Best Practice projects. They work in partnership with all operations and in close cooperation with Country/ Business Sourcing Coordinators.
OUR TAX STRATEGY
Our business activities generate a significant amount and a variety of taxes including corporate income taxes, value added taxes, employment taxes, wealth taxes and other transfer taxes. Smurfit Kappa is committed to complying with tax laws in a fair and responsible manner and to having open and constructive relationships with tax authorities in the countries in which it is present. We understand our responsibility to pay an appropriate amount of taxes and we engage with initiatives to improve and simplify tax regimes to promote greater transparency and certainty.
Smurfit Kappa has a responsibility to our shareholders to be financially efficient and to deliver returns on their investments and this includes managing and maintaining an appropriate tax rate. As part of this strategy we seek to fully use tax incentives and exemptions offered by governments in support of their own employment and economic development objectives.