Increases Slated for Early 2008 Driven by Cost Inflation
DALLAS, Oct. 9 /PRNewswire-FirstCall/ -- Kimberly-Clark Corporation
(NYSE: KMB) today announced that its consumer tissue and baby and child
care businesses are notifying customers of plans to raise prices in the
U.S. during the first quarter of 2008. The company said the increases are
necessary to offset significant inflationary pressure from higher raw
material and energy costs.
Prices for Cottonelle and Scott bathroom tissue, Viva and Scott paper
towels, Huggies diapers, Pull-Ups training pants, Goodnites youth pants and
Huggies Little Swimmers swimpants will increase between 4 and 7 percent
effective February 3, 2008. K-C's annual net sales for these products in
the U.S. are in excess of $4 billion.
About Kimberly-Clark
Kimberly-Clark and its well-known global brands are an indispensable
part of life for people in more than 150 countries. Every day, 1.3 billion
people -- nearly a quarter of the world's population -- trust K-C brands
and the solutions they provide to enhance their health, hygiene and
well-being. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex
and Depend, Kimberly-Clark holds No. 1 or No. 2 share positions in more
than 80 countries. To keep up with the latest K-C news and to learn more
about the company's 135-year history of innovation, visit
http://www.kimberly-clark.com.
Copies of Kimberly-Clark's Annual Report to Stockholders and its proxy
statements and other SEC filings, including Annual Reports on Form 10-K,
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, are made
available free of charge on the company's Web site on the same day they are
filed with the SEC. To view these filings, visit the Investors section of
the company's Web site.
Certain matters contained in this news release concerning the business
outlook, including new product introductions, cost savings and
acquisitions, changes in finished product selling prices, anticipated costs
and benefits related to the Competitive Improvement Initiatives,
anticipated benefits from the accelerated share repurchase agreement,
anticipated financial and operating results, strategies, contingencies and
anticipated transactions of the company constitute forward-looking
statements and are based upon management's expectations and beliefs
concerning future events impacting the company. There can be no assurance
that these future events will occur as anticipated or that the company's
results will be as estimated. For a description of certain factors that
could cause the company's future results to differ materially from those
expressed in any such forward-looking statements, see Item 1A of the
company's Annual Report on Form 10-K for the year ended December 31, 2006
entitled "Risk Factors."
SOURCE Kimberly-Clark Corporation
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Related links:
http://www.kimberly-clark.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/19991117/KMBLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
media, Dave Dickson, +1-972-281-1481,
ddickson@kcc.com, or investors, Mike Masseth, +1-972-281-1478,
mmasseth@kcc.com, both of Kimberly-Clark Corporation
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