Kimberly-Clark Opens First Manufacturing Plant in Russia
By Kimberly-clark Corporation, PRNETuesday, June 1, 2010
The facility will produce HUGGIES(R) diapers
DALLAS, June 2, 2010 - Kimberly-Clark Corporation (NYSE: KMB) held a grand opening ceremony of
its first plant in Stupino, Russia, which is located near Moscow. The new
state-of-the-art manufacturing facility features two HUGGIES(R) diaper lines.
Russia has been identified as a key growth opportunity for
Kimberly-Clark's international strategy. Today Kimberly-Clark holds
significant market shares in the baby and child care, consumer tissue and
feminine care categories. Investment in the Stupino plant will allow
Kimberly-Clark to support its continued growth in Russia and in the
Commonwealth of Independent States (CIS) countries.
Global growth strategy in Russian market
Taking into account continued favorable market developments in Eastern
Europe and the CIS countries, Kimberly-Clark decided to build a
new-generation plant in Russia in 2007. The active stage of construction of
the plant began in 2009 and was completed earlier this year.
"Kimberly-Clark has made significant investments to establish our brands
and build our organization in Russia since 1996. K-C has increased its sales
10 times in 10 years in the region. The decision to invest into development
of local manufacturing became an important part of our strategy to support
our continued growth," said Thomas Falk, chairman of Board of Directors and
chief executive officer of Kimberly-Clark. "This investment confirms the
success we have had in building our business in Russia over the last 14 years
and the confidence we have in delivering future growth for many years to
come."
Currently, the plant has about 200 employees; 90 percent of them are from
Stupino. Specialists involved in the operations' process have passed
extensive training in K-C facilities in the United States, Europe and Korea.
"The Stupino plant is one of biggest capital investments Kimberly-Clark
has made over the last two years. But this is only the beginning," said
Jonathan Tarr, managing director of Kimberly-Clark Eastern Europe. "The
facility was built with the ability to add further capacity as appropriate.
"We see the opening of the plant as a major step in the development of
Russia's hygiene and personal care industry, which will get new energy due to
the addition of our new production facility," he added.
About Kimberly-Clark
Kimberly-Clark and its well-known global brands are an indispensable part
of life for people in more than 150 countries. Every day, 1.3 billion people
- nearly a quarter of the world's population - trust K-C brands and the
solutions they provide to enhance their health, hygiene and well-being. With
brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend,
Kimberly-Clark holds No. 1 or No. 2 share positions in more than 80
countries. To keep up with the latest K-C news and to learn more about the
company's 138-year history of innovation, visit
www.kimberly-clark.com.
Stephanie Anderson Forest of Kimberly-Clark Corporation, +1-972-281-1389, stephanie.a.forest at kcc.com
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