JAG
03-23-2004, 04:38 PM
Kleenex-Maker to Raise Prices in U.S.
DALLAS - Kimberly-Clark Corp., the maker of Kleenex tissues and Scott paper towels, Tuesday said it plans to raise consumer prices of tissue products in the United States by an average of about 6 percent during the third quarter.
The company said prices for bathroom tissue, paper towels and napkins will be increased effective July 11. Facial tissue prices will rise beginning Aug. 29.
The Dallas-based company said the increases are necessary to offset inflated raw-material costs, particularly for fiber, as well as higher energy costs.
Kimberly-Clark said net sales of its consumer tissue products in the United States totaled more than $2 billion in 2003.
With annual revenue of $14.35 billion last year, Kimberly-Clark also makes Cottonelle bathroom tissue, as well as personal-care items such as Huggies diapers and Kotex feminine hygiene products.
Shares of Kimberly-Clark inched up 11 cents to close at $60.44 Tuesday on the New York Stock Exchange
EDIT: hxxp://www.yahoo.com/_ylh=X3oDMTFmYTh1cW5xBF9HA2dsb2JhbF9ncm91cA
RfUwMyNzE2MTQ5BHRlc3QDdjUzBHRtcGwDdjUzLWll/s/168266
DALLAS - Kimberly-Clark Corp., the maker of Kleenex tissues and Scott paper towels, Tuesday said it plans to raise consumer prices of tissue products in the United States by an average of about 6 percent during the third quarter.
The company said prices for bathroom tissue, paper towels and napkins will be increased effective July 11. Facial tissue prices will rise beginning Aug. 29.
The Dallas-based company said the increases are necessary to offset inflated raw-material costs, particularly for fiber, as well as higher energy costs.
Kimberly-Clark said net sales of its consumer tissue products in the United States totaled more than $2 billion in 2003.
With annual revenue of $14.35 billion last year, Kimberly-Clark also makes Cottonelle bathroom tissue, as well as personal-care items such as Huggies diapers and Kotex feminine hygiene products.
Shares of Kimberly-Clark inched up 11 cents to close at $60.44 Tuesday on the New York Stock Exchange
EDIT: hxxp://www.yahoo.com/_ylh=X3oDMTFmYTh1cW5xBF9HA2dsb2JhbF9ncm91cA
RfUwMyNzE2MTQ5BHRlc3QDdjUzBHRtcGwDdjUzLWll/s/168266