Kimberly-Clark announces US$ 250 million expansion at Michoacan facility
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Kimberly-Clark de México S.A.B. de C.V. plans several capacity addition projects at its Morelia facility, located in the state of Michoacan. These investments will total approximately US$ 250 million over the next four years, according to a brief the company sent to stock market regulators.
“The projects are in line with KCM´s regular way of conducting business and the investment amount could vary based on the results of more specific analysis and other issues,” said the company in the statement.
The announcement is part of a US$ 400 million investment plan for 2016 and 2017 the company revealed last year.
Other initiatives included in the strategy are the acquisitions of the Escudo soap brand and a 50% stake at personal and pets care products firm 4e, the company revealed at the time.
Kimberly-Clark de México S.A.B. de C.V. manufactures and commercializes branded consumer products such as diapers, feminine pads, bath tissue, napkins, facial tissue, paper towels and wet wipes.
The Morelia facility produces a variety of products for the brands Huggies, Kleen-Bebé, Kleenex, Pétalo, Cottonelle, Depend, Kotex, Evenflo and Escudo.