Campine Addresses Allegations of Product Resale to Russia
Campine's Commitment to Compliance
Beerse, Belgium - Campine NV, a notable player in metals recycling and specialty chemicals, has recently addressed some concerning allegations surrounding its products allegedly being resold to Russia. The company, which operates internationally and is publicly traded on Euronext Brussels under the ticker CAMB, takes these claims very seriously.
Understanding the Situation
In the wake of the ongoing geopolitical tensions ignited by the Russia-Ukraine conflict that began in March 2022, Campine made the crucial decision to halt all sales to Russia. This decision underscores their commitment to adhering to both sanctions and export control laws. Campine is deeply committed to maintaining ethical business practices and compliance with all legal frameworks.
Addressing the Allegations
Campine is fully aware of the serious nature of these allegations regarding the alleged unauthorized resale of their products to Russia by external third parties. To address this matter properly, the company is proactively engaging with external legal counsel to thoroughly review the situation. This includes evaluating current compliance measures and determining whether further enhancements are needed to mitigate any potential risks of non-compliance.
Next Steps for Campine
To ensure the integrity of their operations and maintain stakeholder trust, Campine is strategizing on the potential next steps while navigating these allegations. They aim to reinforce their compliance frameworks and reaffirm their stance against any unlawful distribution of their products.
Company Contact Information
For individuals or entities seeking more information regarding Campine's stance or ongoing measures relating to this issue, they can reach out to Karin Leysen. She can be contacted via telephone at +32 14 60 15 49, or through email at Karin.Leysen@campine.com.
Frequently Asked Questions
What allegations is Campine responding to?
Campine is addressing claims that its products have been resold to Russia by third parties.
What measures has Campine taken regarding sales to Russia?
Since the onset of the Russia-Ukraine conflict, Campine has ceased all sales to Russia to comply with legal sanctions.
Who can be contacted for more information about the situation?
Karin Leysen is the point of contact and can be reached at +32 14 60 15 49 or via email.
Is Campine considering enhancing its compliance measures?
Yes, Campine is actively reviewing its compliance measures in light of the allegations.
What is Campine NV?
Campine NV is a company engaged in metals recycling and the production of specialty chemicals, focusing on sustainable and legal business practices.
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