Kimberly-Clark To Invest In Oklahoma Mill, Boost Brands
Zacks Investment Research | Mar 03, 2019 11:10PM ET
Kimberly-Clark Corporation (NYSE:KMB) is focusing on business growth across key markets through brand investments and other strategic endeavors. Per market hearsay, the company plans to invest in the Oklahoma mill to expand capacity. Per sources, the development project is likely to be completed in 2020. Let’s take a closer look at how such moves are likely to aid this renowned personal care products company.
Efforts to Enhance Brand Strength
The Oklahoma mill is engaged in the manufacturing of Scott and Cottonelle toilet papers as well as other personal care products. Also, the facility consists of a regional distribution center. The rumored plans of expanding the mill is likely to add greater floor space and enable installation of new resources for manufacturing Scott bath tissue as well as products under the Kleenex folded tissue banner.
We expect that the investment plan, if carried out, will boost Kimberly-Clark’s consumer tissue category. Notably, the company focuses on growth of its segments through product development and strengthening of supply chain. In fact, it is keen on innovation and upgrades for products such as tissues, diapers as well as baby wipes.
Kimberly-Clark Corporation Price and Consensus
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