“Market Cap $41.5 B As of May 2014
At a Glance
- Industry: Household/Personal Care
- Founded: 1872
- Country: United States
- CEO: Thomas Falk
- Website: www.kimberly-clark.com
- Employees: 57,000
- Sales: $21.15 B
- Headquarters: Irving, Texas
#366 Global 2000
- #446 in Sales
- #306 in Profit
- #1091 in Assets
- #238 in Market value
Kimberly-Clark Corp. engages in the manufacturing of paper based products and providing cleaning solutions. The company operates through four segments: Personal Care, Consumer Tissue, K-C Professional and Health Care. The Personal Care segment manufactures and markets disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and related products, which are primarily for household use and are sold under a variety of brand names, including Huggies, Pull-Ups, Little Swimmers, GoodNites, Kotex, Lightdays, Depend, Poise and other brand names. The Consumer Tissue segment manufactures and markets facial and bathroom tissue, paper towels, napkins and related products for household use and are sold under the Kleenex, Scott, Cottonelle, Viva, Andrex, Scottex, Hakle, Page and other brand names. The K-C Professional & Other segment manufactures and markets facial and bathroom tissue, paper towels, napkins, wipers and a range of safety products for the away-from-home marketplace which are sold under the Kimberly-Clark, Kleenex, Scott, WypAll, Kimtech, KleenGuard, Kimcare and Jackson brand names. The Health Care segment manufactures and markets health care products such as surgical drapes and gowns, infection control products, face masks, exam gloves, respiratory products, pain management products and other disposable medical products which are sold under the Kimberly-Clark, Ballard, ON-Q and other brand names. The company was founded by John A. Kimberly, Havilah Babcock, Charles B. Clark and Frank C. Shattuck in 1872 and is headquartered in Irving, TX.“
The firm expanded internationally during the 1950s, opening plants in Mexico, Germany and the United Kingdom. It began operations in 17 more foreign locations in the 1960s. 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. Under the leadership of Darwin Smith as CEO from 1971 to 1991, company went from being a business paper company to a consumer paper products company.Kimberly, Clark and Co. was founded in 1872 by John A. Kimberly, Havilah Babcock, Charles B. Clark, and Franklyn C. Shattuck inNeenah, Wisconsin with US42,000 capitalization. The group’s first business was operating paper mills, which the collective expanded throughout the following decades. In 1914 the company developed cellu-cotton, a cotton substitute used by the United States Army as surgical cotton during World War I. Army nurses used cellu-cotton pads as disposable sanitary napkins, and six years later the company introduced Kotex, the first disposable feminine hygiene product.Kleenex, a disposable handkerchief, followed in 1924. Kimberly & Clark joined with The New York Times Company in 1926 to build a newsprint mill in Kapuskasing,Ontario, Canada. Two years later, the company went public as Kimberly-Clark.
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 to produce personal care products in Argentina in 1994 and also bought the feminine hygiene units of VP-Schickedanz (Germany) and Handan Comfort and Beauty Group (China).
Kimberly-Clark bought Scott Paper in 1995 for $9.4 billion. In 1997, Kimberly-Clark sold its 50% stake in Canada’s Scott Paper to forest products company Kruger Inc. and bought diaper operations in Spain and Portugal and disposable surgical face masks maker Tecnol Medical Products. Augmenting its presence in Germany, Switzerland, and Austria, in 1999 the company paid $365 million for the tissue business of Swiss-based Attisholz Holding.Adding to its offerings of medical products, the company bought Ballard Medical Products in 1999 for $744 million and examination glove maker Safeskin in 2000 for about $800 million.
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 consumer packaged goods in Taiwan. The company later purchased Taiwan Scott Paper Corporation for about $40 million and merged the two companies, forming Kimberly-Clark Taiwan. In 2001, Kimberly-Clark bought Italian diaper maker, Linostar, and announced it was closing four Latin American manufacturing plants. Kimberly-Clark Sub-Saharan Africa’s vision is ambitious – nothing less than turning the $250 million business into a $1 billion business by 2015.
In 2002, Kimberly-Clark purchased paper-packaging rival Amcor’s stake in an Australian joint venture. Adding to its global consumer tissue business, in 2003 Kimberly-Clark acquired the Polish tissue-maker Klucze.
In early 2004, Chairman and Chief Executive Officer Thomas Falk began implementation of the global business plan the company detailed in July 2003. The firm combined its North American and European groups for personal care and consumer tissue under North Atlantic groups and was working to ensure that Asian, Latin American, and Eastern European markets were supplied, specifically in the areas of value-tiered diapers, light-end incontinence, and health care products.”
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “KimberlyClarkComms“