Company:Kimberly-Clark

From HandWiki
Revision as of 20:24, 9 February 2024 by JMinHep (talk | contribs) (correction)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Short description: American multinational personal care corporation
Kimberly-Clark Corporation
TypePublic
ISIN[https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=US4943681035 US4943681035]
IndustryPersonal care
Founded1872; 152 years ago (1872)
Neenah, Wisconsin, U.S.
Founders
  • John A. Kimberly
  • Havilah Babcock
  • Charles B. Clark
  • Franklyn C. Shattuck
HeadquartersIrving, Texas, U.S. (since 1985)
Area served
Worldwide
Key people
Products
  • Kimberly-Clark
  • Kleenex
  • Huggies
  • Kotex
  • Depend
  • Scott
  • Viva
  • Cottonelle
  • Andrex
  • Pull-Ups
  • GoodNites
  • Little Swimmers
  • Poise
  • Neat Sheet
RevenueIncrease US$19.1 billion (2020)[1]
Increase US$3.208 billion (2020)[2]
Increase US$2.352 billion (2020)[2]
Total assetsIncrease US$17.523 billion (2020)[2]
Total equityIncrease US$626 million (2020)[2]
Number of employees
~40,000 (March 2020)[2]
Websitewww.kimberly-clark.com
Camelia Populär - sanitary napkin around 1942 from military stocks for nurses

Kimberly-Clark Corporation is an American multinational personal care corporation that produces mostly paper-based consumer products. The company manufactures sanitary paper products and surgical & medical instruments. Kimberly-Clark brand name products include Kleenex facial tissue, Kotex feminine hygiene products, Cottonelle, Scott and Andrex toilet paper, Wypall utility wipes, KimWipes scientific cleaning wipes and Huggies disposable diapers and baby wipes.

Founded in Neenah, Wisconsin, in 1872 and based in the Las Colinas section of Irving, Texas, since 1985, the company operated its own paper mills around the world for decades, but closed the last of those in 2012.[3][4] With recent annual revenues topping $18 billion per year, Kimberly-Clark is regularly listed among the Fortune 500 . As of March 2020, the company had approximately 40,000 employees.[5]

History

File:Photograph of Paper Mill of the Kimberly-Clark Corporation - NARA - 2129448.tif Kimberly, Clark and Co. was founded in 1872 by John A. Kimberly, Havilah Babcock, Charles B. Clark and Franklyn C. Shattuck in Neenah, Wisconsin, with $42,000 (equivalent to US$896,350 in 2019) of capital.[6] The group's first business was operating paper mills, which the collective expanded throughout the following decades. In 1888, the fledgling company faced a significant setback when its groundwood "Atlas" paper mill burned. Through an extensive effort by labor and management, within five months the mill was rebuilt and in production at a greater capacity. In that same year the company began rapid expansion, purchasing land in a town then known as The Cedars for a new groundwood pulp plant designed by prominent paper mill architects D. H. & A. B. Tower.[7] In 1889, the town was renamed Kimberly after John A. Kimberly. The company would also contract the firm to expand its vast sulphite pulp complex in Appleton, Wisconsin, which allowed it to become the first firm west of Pennsylvania to adopt this improved manufacturing process.[8][9] The company developed cellu-cotton in 1914, a cotton substitute used by the U.S. Army as surgical cotton during World War I. Army nurses used cellu-cotton pads as disposable sanitary napkins,[10] and six years later the company introduced Kotex, the first disposable feminine hygiene product.[11] Kleenex, a disposable handkerchief, followed in 1924. Kimberly & Clark joined with New York Times in 1926 to build a newsprint mill in Kapuskasing, Ontario, Canada. Two years later, the company went public as Kimberly-Clark.[12]

The firm expanded internationally during the 1950s, opening plants in Mexico, West Germany and the United Kingdom. It began operations in 17 more foreign locations in the 1960s.[citation needed] The company formed Midwest Express Airlines from its corporate flight department in 1984. Kimberly-Clark's headquarters moved from Neenah, Wisconsin to Irving, Texas the following year,[13] although its products are still produced in Neenah. Alongside Cadbury, Kimberly-Clark withdrew advertising support for The Lou Grant Show in 1982, due to pressure from various conservative caucuses campaigning against star Ed Asner.[14] Under the leadership of Darwin Smith as CEO from 1971 to 1991, the company was transformed from a business paper company to a consumer paper products company.

In 1991, Kimberly-Clark and The New York Times Company sold their jointly owned paper mill in Kapuskasing, Ontario. Kimberly-Clark entered a joint venture with Buenos Aires-based Descartables Argentinos S.A. to produce personal care products in Argentina in 1994[15] and also bought the feminine hygiene unit of VP-Schickedanz (Germany) for $123 million[16] and a 90% stake in Handan Comfort and Beauty Group (China).[17]

Kimberly-Clark bought Scott Paper in 1995 for $9.4 billion.[18] In 1997, Kimberly-Clark sold its 50% stake in Canada's Scott Paper to forest products company Kruger Inc.[19] and bought diaper operations in Spain and Portugal[20] and disposable surgical masks maker Tecnol Medical Products.[21] Augmenting its presence in Germany, Switzerland and Austria, in 1999 the company paid $365 million for the tissue business of Swiss-based Attisholz Holding.[22] Expanding its offerings of medical products, the company bought Ballard Medical Products in 1999 for $774 million[23] and examination-glove maker Safeskin in 2000 for about $800 million.[24]

Also in 2000, the company bought virtually all of Taiwan's S-K Corporation; the move made Kimberly-Clark one of the largest manufacturers of packaged goods in Taiwan.[25] The company later purchased Taiwan Scott Paper Corporation for about $40 million and merged the two companies, forming Kimberly-Clark Taiwan.[26] In 2001, Kimberly-Clark bought Italian diaper maker Linostar and announced it was closing four Latin American manufacturing plants.[27]

In 2002, Kimberly-Clark purchased paper-packaging rival Amcor's stake in an Australian joint venture.[28] In 2003, Kimberly-Clark added to its global consumer tissue business by acquiring the Poland tissue maker Klucze.[29]

In early 2004, chairman and chief executive officer Thomas Falk began implementation of a global business plan that the company has detailed in July 2003. The firm combined its North American and European groups for personal care and consumer tissue under North Atlantic groups. In 2019, CEO Thomas Falk resigned his position but continued on as the company's chairman of the board. COO Michael D. Hsu became CEO following Falk's retirement.

As of March 2020, the company had approximately 40,000 employees.[5] In April 2020, the Financial Times reported that panic-buying during the COVID-19 pandemic led to a 13 percent increase in sales of Kimberley-Clark's consumer tissues in the first quarter of 2020 compared with the previous year.[30] In April 2020, Kimberly Clark reported an eight percent decline in organic sales, its worst sales performance in at least a decade, according to the Wall Street Journal.[31]

In 2022, Kimberly Clark acquired majority stake in Thinx, a period underwear brand.[32]

Ownership and subsidiaries

Kimberly-Clark shares are mainly held by institutional investors (Vanguard group, BlackRock, State Street Corporation and others).[33] Its subsidiaries include Kimberly-Clark Professional.[34]

Midwest Airlines

The origin of Midwest Airlines can be traced back to 1948, when Kimberly-Clark opened its corporate flight department and began providing air transportation for company executives and engineers between the company's headquarters in Neenah and its paper mills.

In 1969, K-C Aviation was born from the company's air operations, and was dedicated to the maintenance of corporate aircraft. In 1982, K-C Aviation initiated shuttle flights for Kimberly-Clark employees between Appleton, Memphis, and Atlanta. With this experience, and considering the Airline Deregulation Act of 1978, Kimberly-Clark and K-C Aviation formed a regularly scheduled passenger airline, Midwest Express Airlines, which was started on June 11, 1984.[35] The name of the airline was shortened to Midwest Airlines in 2003.

K-C Aviation divested itself from the airline in 1996. Two years later, Gulfstream Aerospace purchased K-C Aviation from Kimberly-Clark for $250 million, which included its operations at airports in Dallas, Appleton, and Westfield, Massachusetts.[36]

Major product lines

Major U.S. consumer product lines

Kimberly-Clark produces mostly paper-based consumer products. The company manufactures sanitary paper products and surgical & medical instruments. Kimberly-Clark brand name products include Kleenex facial tissue, Kotex feminine hygiene products, Cottonelle, Scott and Andrex toilet paper, Wypall utility wipes, KimWipes scientific cleaning wipes and Huggies disposable diapers and baby wipes.

Diapers and incontinence products

  • Huggies: diapers for infants and toddlers
  • Little Swimmers: swim diapers, marketed under the Huggies brand
  • Pull-Ups: training pants for toddlers undergoing toilet training, marketed under the Huggies brand
  • GoodNites (DryNites outside North America): pull-on diapers for children, teens and young adults who experience nocturnal enuresis (bedwetting), spun off from the Pull-Ups brand
  • Poise: Pads and liners for light to moderate urinary incontinence in adult women
  • Depend: diapers and briefs for adults

Feminine hygiene

Kotex

Kotex is a feminine hygiene product line that includes pantiliners, pads and tampons.

Tissues and wipes

Cottonelle

Cottonelle is a brand name for bath products. Product forms include premium bath tissue and flushable moist wipe products. On October 13, 2020, the Cottonelle brand flushable wipes issued a recall because the products manufactured between February through September may contain Pluralibacter gergovaie.[37]

Kleenex

Kleenex is a brand name of facial tissue paper. Many versions have been made, including "with lotion, our softest ever!" and "regular". In the 1970s, color psychologist Dr. Cody Sweet represented newly styled Kleenex boxes as a national media spokesperson.

Scott

Scott is a brand name of paper napkins, paper towels and bath tissue/wipes.

Viva

Viva is a brand name of heavy-duty paper towels.[38][39]

Mexican consumer product lines

The Mexican market has most of the American products, as well as these products:

  • Napkins: Kleenex, Petalo, Suavel, Delsey, Lys.
  • Toilet paper: Kleenex, Petalo, Suavel, Delsey, Vogue, Lys.
  • Diapers: KleenBebe, a brand similar to Huggies. The name is a combination of "kleen" (Kleenex) and "bebe" (Spanish for "baby").
  • Professional and medical markets.

Major professional and global products

KimWipes

KimWipes are a type of cleaning tissue commonly used in laboratories. They are intended for applications in which leaving lint or fibers on a surface would be undesirable, such as on slides and pipettes. They are sometimes used to clean lenses, but use on optical lenses with special water- and solvent-based coatings may cause light blemishes, and the manufacturer recommends using a wipe specifically designed for use with coated lenses. KimWipes are composed of virgin wood pulp from certified forests, with few chemical additives.

WypAll

WypAll is a brand name for cleaning towels, wipes, and cloths. They are used in industrial settings and laboratories.

DryNites

DryNites are a version of GoodNites sold in Europe and Australasia.

See also

  • Kimberly Crest
  • Toilet paper in the United States


References

  1. ↑ "Kimberly-Clark Announces Year-End 2020 Results And 2021 Outlook". Craft. January 25, 2021. https://investor.kimberly-clark.com/news-releases/news-release-details/kimberly-clark-announces-year-end-2020-results-and-2021-outlook. 
  2. ↑ 2.0 2.1 2.2 2.3 2.4 "Kimberly-Clark Announces Year-End 2020 Results and 2021 Outlook | Kimberly-Clark Corporation". January 25, 2021. https://investor.kimberly-clark.com/news-releases/news-release-details/kimberly-clark-announces-year-end-2020-results-and-2021-outlook. 
  3. ↑ "It's the end of an era at Kimberly-Clark as last pulp mill closes" (in en). 29 January 2012. https://www.dallasnews.com/business/2012/01/29/its-the-end-of-an-era-at-kimberly-clark-as-last-pulp-mill-closes/. 
  4. ↑ "Form 4 ." Kimberly-Clark. Retrieved on November 17, 2012. "351 PHELPS DRIVE. IRVING, Texas 75038"
  5. ↑ 5.0 5.1 "Kimberly-Clark" (in en-US). http://fortune.com/fortune500/kimberly-clark/. 
  6. ↑ "Historical Journey: An Interactive Timeline". www.kimberly-clark.com. http://www.kimberly-clark.com/Timeline.aspx. 
  7. ↑ Four Men and a Machine: Commemorating the Seventy-fifth Anniversary of Kimberly-Clark Corporation. Kimberly-Clark Corporation. 1947. p. 12. OCLC 123453168. 
  8. ↑ "Manufacturing and Technical". Engineering News-record XXIII: 528. May 31, 1890. https://books.google.com/books?id=qN42AQAAMAAJ&pg=PA528. "Six Hennessey Boilers, made by the B. F. Hawkins Iron Works, of Springfield, Mass., are showing remarkable results at the Kimberly & Clark paper mills, Appleton, Wis...The entire plant was designed by D. H. & A. B. Tower, of Holyoke, Mass.". 
  9. ↑ Heinrich, Thomas; Batchelor, Bob (2004). "Origins and Growth, 1872-1916". Kotex, Kleenex, Huggies: Kimberly-Clark and the Consumer Revolution in American Business. Columbus: The Ohio State University Press. pp. 20–22. ISBN 9780814209769. https://archive.org/details/kotexkleenexhugg00thom. 
  10. ↑ Spector, Robert; Wicks, William W. (1997). "Kotex and Kleenex". Shared Values: A History of Kimberly-Clark. Lyme, CT: Greenwich Publishing Group.. p. 55. ISBN 0944641172. https://archive.org/details/sharedvalueshist0000spec/page/55. 
  11. ↑ Spector, Robert; Wicks, William W. (1997). "Kotex and Kleenex". Shared Values: A History of Kimberly-Clark. Lyme, CT: Greenwich Publishing Group.. p. 56. ISBN 0944641172. https://archive.org/details/sharedvalueshist0000spec/page/56. 
  12. ↑ Spector, Robert; Wicks, William W. (1997). "From One Kimberly to Another". Shared Values: A History of Kimberly-Clark. Lyme, CT: Greenwich Publishing Group.. p. 79. ISBN 0944641172. https://archive.org/details/sharedvalueshist0000spec/page/79. 
  13. ↑ "Kimberly Clark Heritage". p. 13. http://www.cms.kimberly-clark.com/umbracoimages/UmbracoFileMedia/K-C_Timeline_umbracoFile.pdf. 
  14. ↑ David Henry (August 29, 2021). "Ed Asner, 'Lou Grant' Star Who Took on Ronald Reagan, Dies at 91". https://www.msn.com/en-us/money/other/ed-asner-e2-80-98lou-grant-e2-80-99-star-who-took-on-ronald-reagan-dies-at-91/ar-AANSsMB. 
  15. ↑ "FORM 10-Q SECURITIES AND EXCHANGE COMMISSION". http://investor.kimberly-clark.com/secfiling.cfm?filingID=55785-94-55. 
  16. ↑ "FORM 10-Q SECURITIES AND EXCHANGE COMMISSION". http://investor.kimberly-clark.com/secfiling.cfm?filingID=55785-94-52. 
  17. ↑ "FORM 8-K SECURITIES AND EXCHANGE COMMISSION". http://investor.kimberly-clark.com/secfiling.cfm?filingID=55785-94-56. 
  18. ↑ "FORM 10-Q SECURITIES AND EXCHANGE COMMISSION". http://investor.kimberly-clark.com/secfiling.cfm?filingID=55785-95-18. 
  19. ↑ "Kruger Agrees to Buy Kimberly-Clark Unit". The Wall Street Journal. March 5, 1997. https://www.wsj.com/articles/SB857523890309684500. 
  20. ↑ "COMPANY BRIEFS". April 1997. https://www.nytimes.com/1997/04/01/business/company-briefs-391271.html. 
  21. ↑ "Kimberly-Clark to Acquire Tecnol in Tax-Free Swap". http://www.prnewswire.com/news-releases/kimberly-clark-to-acquire-tecnol-in-tax-free-swap-75236647.html. 
  22. ↑ "Kimberly-Clark Completes Acquisition of European Tissue Businesses of Attisholz Holding AG". http://investor.kimberly-clark.com/releasedetail.cfm?ReleaseID=35611. 
  23. ↑ "Kimberly-Clark Completes Acquisition of Ballard Medical Products". http://investor.kimberly-clark.com/releasedetail.cfm?ReleaseID=35608. 
  24. ↑ "Kimberly-Clark Completes Acquisition of Safeskin Corporation". http://investor.kimberly-clark.com/releasedetail.cfm?ReleaseID=35600. 
  25. ↑ "Kimberly-Clark Completes Acquisition of S-K Corporation of Taiwan". http://investor.kimberly-clark.com/releasedetail.cfm?ReleaseID=35451. 
  26. ↑ "Kimberly-Clark Corporation Completes Integration of S-K Corporation and Taiwan Scott Paper Company". http://investor.kimberly-clark.com/releasedetail.cfm?ReleaseID=59221. 
  27. ↑ "Kimberly-Clark Corporation". http://www.hoovers.com/company/Kimberly-Clark_Corporation/rfxhji-1-1njhxk.html. 
  28. ↑ "Kimberly-Clark Completes Acquisition of K-C Australia". http://investor.kimberly-clark.com/releasedetail.cfm?ReleaseID=83671. 
  29. ↑ "Kimberly-Clark Acquires Polish Tissue Business From International Paper". http://investor.kimberly-clark.com/releasedetail.cfm?ReleaseID=103205. 
  30. ↑ Gray, Alistair (22 April 2020). "Toilet roll mania boosts sales of Andrex maker Kimberly-Clark". The Financial Times. https://www.ft.com/content/8075d66f-06ba-4aea-aac9-cac59b79f1e1. 
  31. ↑ Terlep, Sharon (2021-04-23). "Drop in Toilet-Paper Demand Prompts Kimberly-Clark's Worst Sales Drop in a Decade" (in en-US). Wall Street Journal. ISSN 0099-9660. https://www.wsj.com/articles/drop-in-toilet-paper-demand-prompts-kimberly-clarks-worst-sales-drop-in-a-decade-11619195039. 
  32. ↑ "Kimberly-Clark acquires majority stake in Thinx" (in en-US). https://www.retaildive.com/news/kimberly-clark-acquires-majority-stake-in-thinx/619448/. 
  33. ↑ "Kimberly-Clark Corporation (KMB) Ownership Summary". http://www.nasdaq.com/symbol/kmb/ownership-summary. 
  34. ↑ "Kimberly-Clark Health Care". http://www.kchealthcare.com. 
  35. ↑ Spector, Robert. Shared Values A History of Kimberly-Clark. Greenwich Publishing Group, Inc, 1997, p. 122
  36. ↑ "Gulfstream buys air services firm". Rome News-Tribune. Bloomberg ((Georgia)): p. 2E. July 26, 1998. https://news.google.com/newspapers?id=JGxMAAAAIBAJ&pg=5004%2C5857912. 
  37. ↑ Farber, Madeline (2020-10-13). "Cottonelle flushable wipes recalled over bacteria concerns" (in en-US). https://www.foxnews.com/health/cottonelle-flushable-wipes-recalled-bacteria-concerns. 
  38. ↑ "Form 10-K". February 8, 2018. https://www.kimberly-clark.com/-/media/kimberly/pdf/annual-report/2017_annualreport_umbracofile.pdf. 
  39. ↑ "Kimberly-Clark – Family Care". https://www.kimberly-clark.com/en/brands/family-care. 

External links



Retrieved from "https://handwiki.org/wiki/index.php?title=Company:Kimberly-Clark&oldid=3483359"