Grupo Familia, Kimberly Clark Hit with Fines by Andean Community for Anti-Competitive Practices

The Secretary General of the Andean Community of Nations has levied a sanction against two of the largest paper product makers in the region for anti-competitive practices.

Both the U.S.-based Kimberly Clark and Grupo Familia of Medellín will face fines of 4.1% and 3.5% of their subsidiary company sales, respectively, in the Colombian and Ecuadorian markets, according to a report by La Republica.

The violations are linked to actions from 2014 that have been under investigation, Grupo Familia acknowledged in a statement.

The sanctions can be appealed by the companies.