Kimberly-Clark Announces Price Increases For U.S. Consumer Products Businesses
Increases Slated for Third Quarter 2008 Implementation Driven by Cost Inflation
DALLAS. — Kimberly-Clark Corporation (NYSE: KMB) today announced that its baby and child care and consumer tissue businesses are notifying customers of plans to raise prices in the U.S. during the third quarter of 2008. The company said the increases are necessary to offset significant inflationary pressure from higher raw material and energy costs.
Net selling prices for Huggies diapers, Pull-Ups training pants, Cottonelle and Scott athroom tissue, Viva towels and Kleenex facial tissue, will increase on average between 6 and 8 percent, with implementation timing ranging from July 20, 2008 to August 31, 2008. The price changes vary by brand and in some cases by package count. K-C’s net sales for these U.S. consumer products amounted to approximately $4.5 billion in 2007.
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