NEWS BRIEFS
4Q Earnings Release Set for January 26
Kimberly-Clark’s fourth-quarter earnings release is scheduled for January 26, 2009. The fourth-quarter earnings conference call also is set for that day at 9:00 a.m. Central Time. For more information, visit the events calendar.
K-C To Acquire Remaining Interest in Its Andean Affiliate
In October Kimberly-Clark reached an agreement to purchase the remaining 31 percent of its Andean region subsidiary, Colombiana Kimberly Colpapel S.A. (CKC). The transaction is expected to close in late January 2009 and will bring Kimberly-Clark’s ownership of CKC to 100 percent, bolstering K-C’s presence in the rapidly growing Andean region (Bolivia, Colombia, Ecuador, Peru, Venezuela). Kimberly-Clark expects the acquisition to be modestly accretive to 2009 bottom-line results. CKC is a leading manufacturer and marketer of consumer tissue and personal care products and also sells K-C Professional products. For more information, read our news release.
HUGGIES® Brand Celebrates 30th Anniversary
Kimberly-Clark’s global HUGGIES brand marked its 30th year in October. Launched as a premium disposable diaper brand in the U.S. in 1978, today the HUGGIES brand is the cornerstone of K-C’s global diaper business that generates annual sales in excess of $4 billion. The success of the diaper business led to the extension of HUGGIES into baby wipes, training pants, swim pants, bath/body toiletries and sun care products.
K-C Named One of 43 Companies Receiving Top Corporate Governance Score
GovernanceMetrics International (GMI), a corporate governance research and ratings agency, has ranked Kimberly-Clark in the top one percent among the nearly 4,200 companies surveyed for its most recent ratings release. As one of the top 43 companies, K-C received an overall global rating of 10.0, the highest that GMI assigns. The top-ranking companies were recognized for having best-in-class corporate governance standards.