Kimberly-Clark To Build Personal Care Facility In Singapore DALLAS, November 5, 2002 - Kimberly-Clark Corporation (NYSE: KMB) has announced that it will invest approximately US$40 million to build a state-of-the-art converting facility in Singapore for its Personal Care division. Construction of the plant will begin before the end of 2002, and the facility is scheduled to start up by late 2003.
“Our personal care business in Southeast Asia has grown more than 50 percent in the past five years, and we expect consumer demand in the region to continue to show substantial growth in the next 10 years,” said Paul Geisler, group president of Asia-Pacific for Kimberly-Clark. “This facility is one of a number of strategic investments we are making to sustain the growth of our global brands.”
The company’s decision to build this new facility also reflects increasing confidence in future economic growth and improving tariff regulations in Asia-Pacific. Singapore was selected as the site for the regional facility based on a number of business factors, including its investment and tax incentives, good infrastructure, well-educated workforce, and government support.
Suhas Apte, vice president of personal care for Asia-Pacific, said, “This new plant will produce high-quality products for distribution throughout Asia-Pacific. It will take advantage of K-C’s manufacturing platforms, allowing us to lower costs through greater scale and improved productivity and to reduce the time it takes to bring new products to market.”
Kimberly-Clark is a leading consumer products company. Its global personal care, tissue and health care brands include Huggies, Pull-Ups, Kotex, Depend, Kleenex, Scott, Kimwipes, Kimberly-Clark, WypAll, Safeskin, and Tecnol. Other brands well known outside the U.S. include Andrex, Scott, Page, Popee and Kimbies. Kimberly-Clark also is a major producer of premium business, correspondence and technical papers. The company has manufacturing operations in 42 countries and its products are sold in more than 150 countries. For more information about Kimberly-Clark, visit the Kimberly-Clark Web site at www.kimberly-clark.com.