Thursday, November 1, 2012

Kimberly-Clark Divests and Closes Mills in Europe

Kimberly-Clark divests and closes mills in Europe
US tissue paper maker is withdrawing from its European disposable nappies business. According to a statement to Euwid, Kimberly-Clark reported that it was not able to establish a sustainably profitable nappies business in Europe. For this reason Kimberly-Clark has made the decision to close nappy production and sales in Europe and exit the diaper category. Only Italy remains exempt from this move. Five production facilities in Europe are affected by the decision; four of them part of the group’s Consumer division and one in the Professional segment. The changes will affect between 1,300 and 1,500 employees. The plants are located in the UK, Spain and Poland.