US-based household firm Kimberly-Clark has announced the acquisition of personal care manufacturer Softex Indonesia for $1.2 billion. Present in Indonesia since 1976, Softex is described as a producer of hygiene products for children, woman, and adults, with nappies being its most important category. According to Kimberly-Clark, the acquisition of Softex will allow the company to “boost its presence in the lucrative South East Asia market”. Mike Hsu, chairman and CEO of Kimberly-Clark, said: …
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Kimberly-Clark
US based household paper firm Kimberly-Clark has announced its intention to close its plant in Eldorado do Sul, Rio Grande do Sul, Brazil. The closure is part of a restructuring plan announced in 2018. According to Jornal do Comercio, 260 direct and indirect jobs will be affected by the decision, which is linked to Kimberly-Clark’s three-year global restructuring program. The company is reported as saying that the production of sanitary …
US based personal care firm Kimberly-Clark has announced plans to restructure the business, including reorganizing its manufacturing operations. Announcing the move alongside its annual financial statements, the Huggies and Kotex brand owner said it intended to cut around 5,500 jobs and to close 10 manufacturing plants as part of the restructuring process. The firm said this would be done in order to reduce the company’s structural cost base by streamlining …
Kimberly-Clark, which is active in markets including household paper and baby care, has reported stable revenues for the 2014 calendar year. Sales of $19.7 billion were 1% higher than 2013 and organic sales rose 4%. Operating profit was down to $2,521 million in 2014 from $2,903 million in 2013, although adjusted operating profit increased 5% to $3,184 million. Adjusted operating profit comparisons benefited from organic sales growth, FORCE cost savings …
Kimberly-Clark has reported global sales of $5.3 billion for Q4 2013, showing no change on the same period of 2012. Organic sales for the period were 5% up on the previous year, with K-C International sales rising by 11%. Operating profit was $822 million versus $449 million in 2012, with adjusted operating profit, excluding restructuring costs for European strategic changes, up 5% at $836 million. In the personal care segment, sales of …
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