Latest news with #KimberlyClark
Associated Press
an hour ago
- Business
- Associated Press
KCC Celebrates World Environment Day
On World Environment Day, we're sharing the impactful efforts of our teams as they continue to work toward a more sustainable future and deliver on our purpose, Better Care For A Better World. Our Epping facility near Cape Town, South Africa, implemented an on-site solar panel installation that's expected to generate more than 2,200 megawatt-hours (MWh) of clean energy annually. That's enough to power roughly 500 homes and remove more than 2,300 metric tons of carbon dioxide equivalent emissions each year. The installation is part of Kimberly-Clark's broader on-site solar program, which plays a vital role in our energy-sourcing strategy and supports our climate goals. In 2024 alone, we activated eight new solar installations across our global operations, generating 34,000 MWh of renewable energy. And we're just getting started, with 14 more installations planned for 2025. These initiatives are some of the many ways we are working toward our global sustainability ambitions. About Kimberly-Clark Kimberly-Clark (Nasdaq: KMB) and its trusted brands are an indispensable part of life for people in more than 175 countries. Fueled by ingenuity, creativity, and an understanding of people's most essential needs, we create products that help individuals experience more of what's important to them. Our portfolio of brands, including Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll, hold No. 1 or No. 2 share positions in approximately 70 countries. We use sustainable practices that support a healthy planet, build strong communities, and ensure our business thrives for decades to come. We are proud to be recognized as one of the World's Most Ethical Companies® by Ethisphere for the seventh year in a row and one of Fortune's Most Innovative Companies in America in 2024. To keep up with the latest news and to learn more about the company's more than 150-year history of innovation, visit the Kimberly-Clark website. View original content here. Visit 3BL Media to see more multimedia and stories from Kimberly-Clark Corporation
Associated Press
a day ago
- Business
- Associated Press
Suzano and Kimberly-Clark Announce the Creation of a Global Tissue Company Operating in Over 70 Countries
SíO PAULO--(BUSINESS WIRE)--Jun 5, 2025-- Suzano, the world's largest pulp producer, and Kimberly-Clark, a global leader in the consumer staples industry, today announced the creation of a US$3.4 billion joint venture focused on the manufacture, marketing and distribution of consumer and professional tissue products, such as toilet paper, napkins, paper towels and facial tissues in over 70 countries. Suzano will acquire a 51 percent interest in the new entity, with Kimberly-Clark holding a 49 percent interest. Suzano will pay Kimberly-Clark US$1.734 billion in cash for its 51 percent stake at the closing of the transaction, subject to certain customary post-closing purchase price adjustments. Closing of the transaction is contingent on, among other things, approval by regulatory and other governmental authorities, fulfillment of customary conditions precedent for transactions of this nature, and completion by Kimberly-Clark of a corporate reorganization of its Consumer Tissue and Professional business unit. The transaction is expected to close in mid-2026 and involves approximately 9,000 employees. The new business will be a company incorporated in the Netherlands and will include 22 manufacturing facilities located in 14 countries across Europe, Asia, including Southeast Asia, the Middle East, South America, Central America, Africa, and Oceania. Collectively, these facilities have an installed capacity to produce approximately 1 million tonnes of tissue a year. The assets to be included in the new joint venture generated net sales in 2024 of approximately US$3.3 billion. Kimberly-Clark will retain its consumer tissue and professional businesses in the United States and its interests in existing joint ventures in Mexico, South Korea and Bahrain, among other countries. Beto Abreu, CEO of Suzano, said: 'This new company brings together two global players that are leaders in their respective markets, with complementary capabilities that combine Suzano's industrial expertise and operational management efficiency with Kimberly-Clark's know-how in brand management, marketing and commercialization of both regional and global brands, as well as its extensive experience in managing operations across multiple regions worldwide. 'Both companies share strong organizational cultures rooted in innovation and sustainability. We look forward to combining great talent, good assets, and tremendous brands that are trusted by consumers.' Marcos Assumpção, CFO of Suzano, said: 'This transaction reflects Suzano's disciplined approach to capital allocation with value creation and fully in line with our financial policy. Moreover, the partnership with Kimberly-Clark ensures business operational continuity and an alignment towards operational efficiency opportunities, mitigating risks typically encountered during international expansion.' Mike Hsu, Chairman and Chief Executive Officer at Kimberly-Clark, said: 'This transaction represents a powerful step forward in Kimberly-Clark's transformation journey. We are pleased to enter into a strategic partnership with Suzano, a leader in its field, and we look forward to working closely together to deliver on the significant opportunities ahead for our International Family Care and Professional Business.' More than 40 regional brands of Kimberly-Clark´s International Family Care and Professional portfolio will be transferred into the joint venture, that will also enter into a long-term license with the new company for use of its global brands, including Kleenex, Scott, Cottonelle, WypAll, Viva, and Kimberly-Clark Professional. The transaction is aligned with Suzano's long-term strategy of value-accretive growth with financial discipline, focusing on scalable businesses where the company can leverage its strength in operational efficiency. Suzano is currently a leading player in toilet paper in Brazil, following the 2023 acquisition of Kimberly-Clark's Brazilian tissue assets and brands. Suzano is also in the process of building a new R$650 million (approximately US$115 million) tissue paper mill at its site in Aracruz in the state of Espírito Santo, which will add 60,000 tonnes of annual capacity to the company's Consumer Goods Business Unit. Luis Bueno, Executive Vice President of Consumer Goods and Corporate Affairs at Suzano, said: 'We have an excellent understanding of Kimberly-Clark ´s culture and internal processes, thanks to our 2023 acquisition of the Brazilian tissue business. We have already been able to achieve significant efficiency gains in these operations, which we are confident can be replicated in other regions. 'Our ability to achieve this goal is intrinsically tied to the tremendous quality of the talent within Kimberly-Clark ´s team, who have helped develop and grow iconic, innovative and trusted brands that are a part of the everyday lives of hundreds of millions of people around the world.' At closing of the transaction, Suzano and Kimberly-Clark will enter into a joint venture agreement establishing certain rights and obligations related to the management, control, operation, shareholding, and other matters concerning the joint venture. It will have a Board of Directors with five members, three of whom will be appointed by Suzano and two of whom will be appointed by Kimberly-Clark. The Transaction also includes a call option for Suzano to acquire Kimberly-Clark's 49% interest in the new company. NOTES TO EDITOR About Suzano Suzano is the world's largest pulp supplier, a major paper and packaging producer in the Americas, and one of Brazil's biggest employers. Driven by a deep commitment to sustainability and innovation, Suzano produces responsibly-grown raw materials that are exported to more than 100 countries around the world, meeting the global demand for bio-based solutions. These are used to make everyday items that reach more than two billion people, including toilet paper and tissue, packaging, printing and writing paper, personal hygiene products, and textiles. Founded in Brazil over 100 years ago, today Suzano operates across Latin America, North America, Europe and Asia. The company's shares are listed on the B3 in São Paulo (SUZB3) and the New York Stock Exchange (SUZ). Learn more at: About Kimberly-Clark Kimberly-Clark (NASDAQ: KMB) and its trusted brands are an indispensable part of life for people in more than 175 countries and territories. Fueled by ingenuity, creativity, and an understanding of people's most essential needs, we create products that help individuals experience more of what's important to them. Our portfolio of brands, including Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll, hold No. 1 or No. 2 share positions in approximately 70 countries. We use sustainable practices that support a healthy planet, build strong communities, and ensure our business thrives for decades to come. We are proud to be recognized as one of the World's Most Ethical Companies ® by Ethisphere for the seventh year in a row and one of Fortune's Most Innovative Companies in America in 2024. To keep up with the latest news and to learn more about the company's more than 150-year history of innovation, visit the Kimberly-Clark website. View source version on CONTACT: Hawthorn Advisors [email protected] KEYWORD: BRAZIL UNITED STATES SOUTH AMERICA NORTH AMERICA LATIN AMERICA EUROPE NETHERLANDS INDUSTRY KEYWORD: OTHER MANUFACTURING ENVIRONMENT TEXTILES PACKAGING MANUFACTURING SUSTAINABILITY OTHER NATURAL RESOURCES FOREST PRODUCTS NATURAL RESOURCES SOURCE: Suzano Copyright Business Wire 2025. PUB: 06/05/2025 07:11 AM/DISC: 06/05/2025 07:10 AM
Reuters
a day ago
- Business
- Reuters
Kimberly-Clark to sell international tissue business in $3.4 billion deal
June 5 (Reuters) - Kimberly-Clark will sell its international tissue business in a deal valued at about $3.4 billion, including debt, to Brazilian pulp maker Suzano ( opens new tab, the Kleenex tissue maker said on Thursday.
Wall Street Journal
a day ago
- Business
- Wall Street Journal
Stocks to Watch Thursday: MongoDB, Procter & Gamble, Broadcom
↗️ MongoDB (MDB): The software company raised its annual guidance after posting better-than-expected quarterly results Shares jumped 16% in premarket trading. 🔎 Procter & Gamble (PG): The maker of Tide detergent and Pampers diapers said it would cut 7,000 jobs, or roughly 15% of its nonmanufacturing workforce, over the next two years. 🔎 Kimberly-Clark (KMB): The consumer-goods company is nearing a sale of its Kleenex and tissue businesses outside of North America for around $3.5 billion, part of an attempt to focus on more profitable areas, The Wall Street Journal reported.
Reuters
a day ago
- Business
- Reuters
Kimberly-Clark nears $3.5 billion sale of global tissue business to Suzano, WSJ reports
June 4 (Reuters) - Kimberly-Clark (KMB.O), opens new tab is nearing a sale of its Kleenex and tissue businesses outside of North America for around $3.5 billion to Brazilian pulpmaker Suzano ( opens new tab, the Wall Street Journal reported, citing people familiar with the matter. A deal could be completed as soon as Thursday, the report said on Wednesday. Reuters could not immediately confirm the report. Kimberly-Clark and Suzano did not immediately respond to requests for comments. Reuters had reported in April citing people with knowledge of the matter that along with Suzano, Southeast Asia's Royal Golden Eagle (RGE) and Asia Pulp & Paper Co (APP) were the final bidders for Kimberly-Clark's international tissue business, valued at around $4 billion. The unit, which was put on the block by Kimberly-Clark as part of a restructuring initiated last year, generates around $500 million in annual earnings before interest, taxes, depreciation, and amortization (EBITDA). The sale is proceeding as U.S. President Donald Trump's broad trade tariffs weigh on Kimberly-Clark's business outlook. The consumer goods company slashed its annual profit forecast due to increased costs in April as a result of the tariffs. In 2022, Suzano announced a deal to buy the Irving, Texas-headquartered company's tissue paper operations in Brazil for an undisclosed sum.
