Kimberly-Clark Braces for Even Higher Pulp Inflation -- Commodity Comment
23 Abril 2018 - 7:45AM
Noticias Dow Jones
Kimberly-Clark Corp., the maker of Huggies diapers and Kleenex
tissues, raised its estimates on raw material costs for the year.
Chief Executive Thomas Falk said the consumer giant's margins have
already been hurt by "significant commodity inflation," which has
motivated drastic cost cuts. The company now expects inflation of
key input costs of $400 million to $550 million, up from prior
guidance of $300 million to $400 million. For 2018 the company is
assuming market prices of $1,075 to $1,175 per metric ton for
eucalyptus pulp in North America and low-to-mid-$60 range a barrel
for oil. (imani.moise@wsj.com; @moisenoise)
(END) Dow Jones Newswires
April 23, 2018 08:30 ET (12:30 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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