Venezuelan government occupies Smurfit Kappa

By Joseph James Whitworth

- Last updated on GMT

Smurfit Kappa's Venezuelan arm occupied by the government
Smurfit Kappa's Venezuelan arm occupied by the government
The Venezuelan government has temporary moved into Smurfit Kappa Carton de Venezuela (SKCV), the Irish packaging firm’s subsidiary in the country.

Smurfit Kappa said it is part of a nationwide programme of inspections and audits at locally and internationally owned companies, conducted by government ministries and agencies.

Minister Ricardo Menendez said Smurfit Kappa had hiked prices for some food-related products by 372% in the last year, according to a broadcast on state TV from the plant​.

The intervention allows for inspections and audits covering tax, costs, pricing and employment practices.

SKCV retains management of the company and is co-operating fully with the government officials,” ​said the firm in a statement.

“SKCV is committed to operating its business to ensure the on-going supply of products and services to its customers​.”

Related topics Food safety and labeling

Related products

show more

Sustainable Sweetening Solutions from ADM

Sustainable Sweetening Solutions from ADM

Content provided by ADM | 13-Oct-2023 | Product Brochure

ADM understands sweetness—and sustainable sourcing. Not only do we have the industry’s most comprehensive portfolio of sweetening solutions, we also are...

 Four actionable steps to reduce allergen recalls

Four actionable steps to reduce allergen recalls

Content provided by FoodChain ID | 04-Oct-2023 | White Paper

Failing to mitigate allergen risks has serious consequences - not just for consumer safety, poor allergen procedures can also cause financial losses and...

Related suppliers

Follow us

Products

View more

Webinars