Kimberly-Clark Mexico unit repays $74 mln loan early
August 19, 2022 at 04:35 pm
Share
MEXICO CITY, Aug 19 (Reuters) - Personal care product
manufacturer Kimberly-Clark's Mexico division repaid a 1.5
billion peso ($74.43 million) loan ahead of schedule this week,
the company said in a statement on Friday.
The loan was due in May 2023, according to the company,
which makes products like Huggies, Kleenex and Cottonelle.
Shares in Kimberly-Clark de Mexico were up more than 1.5% in
trading late Friday.
($1 = 20.1540 Mexican pesos)
(Reporting by Kylie Madry
Editing by Chris Reese)
Kimberly-Clark de Mexico SAB de CV is a Mexico-based company is engaged in the manufacture of personal care products. Its activities are divided into three segments: Consumer products, Professional and healthcare, as well as Export. The Consumer products division focuses on the manufacture and distribution of disposable products for daily use, such as diapers, feminine pads, incontinence care products, kitchen towels, napkins and wet wipes; baby and child care products, such as baby wipes, shampoos, lotions and feeding products, and home products, such as antibacterial gels, food wraps and bar soaps. Its brand names portfolio includes Huggies, KleenBebe, Kleenex, Kimlark, Petalo, Cottonelle, Depend, Kotex and Evenflo, among others. The Professional and healthcare division offers personal care products to commercial customers, including managers of hotels, restaurants, offices and hospitals. The Export division is responsible for the international trade, mainly in the United States.