Multi-Million Dollar Investment Signifies K-C's Long-Term Commitment to
DALLAS and MOSCOW, Sept. 12 /CNW/ -- Kimberly-Clark Corporation (NYSE:
KMB), a leading global health and hygiene company, today announced plans to
construct its first manufacturing facility in Russia to support its growing
consumer business there and in Eastern Europe. The multi-million dollar
facility will be built in phases and will produce personal care and tissue
products under the well-known Huggies and Kleenex brands.
Accelerating growth in Developing and Emerging markets is one of
Kimberly-Clark's targeted growth initiatives. The company has placed
particular emphasis on Russia and five other key countries that it refers to
as BRICIT -- Brazil, Russia, Indonesia, China, India and Turkey.
"Russia is a strategically important market for K-C due to its rapid
economic growth and the long-term potential of its health and hygiene
categories," said Tom Davis, President of Kimberly-Clark's Middle East,
Eastern Europe and Africa group. "Local manufacturing is a key element of our
Construction at the site will begin this month with start-up of the
facility scheduled for early 2009. The first phase of development will
provide for site preparation, construction of manufacturing buildings,
offices, warehousing and roads. The facility will be located in Stupino,
approximately 60 miles (100 km) southeast from Moscow, and will occupy an area
of about 100 acres (40 hectares).
The project will create approximately 150 new jobs in Stupino by the
middle of 2009, with additional jobs being added as increased manufacturing
capacity comes on line over the next few years. Construction on the site and
the need for local support services are also expected to boost employment in
the Stupino area.
"We are excited to announce the building of this manufacturing facility,"
said Jonathan Tarr, Kimberly-Clark Managing Director for Eastern Europe. "This
significant investment demonstrates Kimberly-Clark's long-term commitment to
the Russian market.
"This facility will allow us to increase speed of delivery and service to
our rapidly-growing consumer base and maintain a leadership position in this
market. We chose Stupino for its developed infrastructure, highly qualified
work force and excellent location for accessing the major cities of Russia and
Consumer spending and retail sales in both Russia and Eastern Europe have
been growing at double-digit rates for the past several years and are
projected to grow at high single-digit rates for the next decade. The region
has a burgeoning middle class that shows strong appreciation for high-quality
Kimberly-Clark entered the diaper category in the region in 1996 with its
Huggies brand and followed with a major launch of Kleenex branded tissue
products in 2005. Today, K-C's brands are among the market leaders in the
countries of Eastern Europe.
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's 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 the No. 1 or No. 2 share position in more than 80
countries. To keep up with the latest K-C news and to learn more about the
company's 135-year history of innovation, visit http://www.kimberly-clark.com.
For further information:
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