Kimberly-Clark de México

Kimberly-Clark de México, S.A.B. de C.V.
Company typeSociedad Anónima Bursátil de Capital Variable
BMV: KIMBER A
IndustryPaper products
Founded1931
HeadquartersMéxico City, Mexico
Area served
Mexico
Key people
Claudio X. González Laporte, (Chairman)
Pablo González Guajardo, (CEO)
ProductsKleenex
Huggies
KleenBebe
Kotex
Cottonelle
Escudo
RevenueIncrease MXN$ 53,307 million(2023)
Increase MXN$ 7,013 million (2023)
Number of employees
8,000
ParentKimberly-Clark
Websitewww.kimberly-clark.com.mx
Footnotes / references
[1]

Kimberly-Clark de México (KCM) is a Mexican company that engages in the manufacture and commercialization of disposable products for daily use by consumers within and away-from home in Mexico and internationally. The company's products include diapers and childcare products, feminine pads, incontinence care products, bath tissue, napkins, facial tissue, hand and kitchen towels, wet wipes and health care products. Today, the company has 8,000 direct employees and over 10,000 indirect jobs.[2]

History

The origin of KCM dates to the "La Aurora" Paper Factory in 1925 in the municipality of Naucalpan, in the State of Mexico. In 1932 Kimberly-Clark Corporation entered Mexico with its Kotex and Kleenex brands. By 1959, Kimberly-Clark Corporation acquired 100% of the capital of the La Aurora factory, thus becoming Kimberly-Clark de México.

In 1962, Kimberly-Clark Corporation sold 40% of KCM's shares on the Mexican Stock Exchange, marking an important milestone in its history.[3]

In the following years, KCM continued its growth:

  • 1973: KCC sold another 17% of KCM shares, to become a Mexican company.
  • 1996: KCM acquired and merged Grupo Crisoba, incorporating plants in Ecatepec, Morelia, San Rafael and Texmelucan.
  • 2006: KCM sells one of its Business Groups, Industrial Products (PRODIN); forming a new company: GRUPO PAPELERO SCRIBE S.A de C.V.
  • 2012: Acquisition of the feeding business of Evenflo Company, expanding their presence in the market.
  • 2015: Introduction of Kleenex Soaps, further diversifying their offering.
  • 2016: The Escudo Antibacterial brand is acquired from P&G.

On October 22, 2019, the CEO announced that Kimberly-Clark de Mexico will no longer be making short-term investments in Mexico, due to differences with President Andrés Manuel López Obrador and a general slowdown in the economy.[4] This was promptly followed by calls for a boycott of the company.[5] However, this statement was clarified by the company by issuing a statement denying those reports.[6][7]

In July 2020, the FDA included a number of products by 4E Global, a subsidiary of Kimberly-Clark, on its "do-not-use" list of dangerous hand sanitizers due to possible methanol content.[8]

Sustainability

Kimberly-Clark de México has been recognized in the matter of sustainability, achieving important recognitions in recent years. Since 2017 and each consecutive year, KCM has met the necessary criteria to be part of the British sustainable index FTSE4Good. Additionally, from 2019, it has been recognized in the Dow Jones Sustainability Index (DJSI) in the Latin American Integrated Market (MILA) region.[9]

And from 2020, KCM is among the three Mexican companies included in the Dow Jones Sustainability Index (DJSI) Emerging Markets.[10]

Brands

Babies and Child Care

  • Huggies
  • KleenBaby
  • Pull-ups4
  • Evenflo Feeding
  • Goodnites
  • Little Swimmers

Tissue Family Care

  • Kleenex Cottonelle
  • Petalo
  • Kleenex
  • Suavel
  • Vogue,
  • Delsey

Femenine Care

  • Kotex

Adult Care

  • Depend
  • Diapro

Professional

  • Kimberly-Clark Professional

Personal Care

  • Escudo Antibacterial
  • Kleenex Soaps

References

  1. ^ "Grupo BMV Eventos Relevantes Kimberly-Clark de Mexico". Bolsa Mexicana de Valores. January 18, 2024.
  2. ^ "Conoce KCM" [Get to Know KCM - Kimberly-Clark de Mexico]. Kimberly-Clark de Mexico (in Spanish). Mar 30, 2024.
  3. ^ "Kimberly-Clark de México Profile" [Kimberly-Clark de México Profile]. Grupo BMV (in Spanish). Apr 3, 2024.
  4. ^ "Kimberly Clark descarta invertir en México en el corto plazo" [Kimberly Clark rules out investing in Mexico in the short term]. La Jornanda (in Spanish). Oct 22, 2019. Archived from the original on 19 December 2019.
  5. ^ Alejandro Alegría (Oct 22, 2019). "Llaman en redes sociales a no adquirir productos de Kimberly Clark" [Call in social networks to not purchase Kimberly Clark products]. La Jornanda (in Spanish). Archived from the original on 12 September 2020.
  6. ^ "Kimberly Clark desmiente a su director general y aclara que sí invertirá en México" [Kimberly Clark denies its CEO and clarifies that she will invest in Mexico]. Proceso (in Spanish). Oct 22, 2019.
  7. ^ "KCM invertirá 3 mil millones de pesos en 2019" [KCM will invest 3 billion pesos in 2019]. Kimberly-Clark de Mexico (in Spanish). Oct 22, 2019.
  8. ^ Tyko, Kelly (1 August 2020). "FDA's list of hand sanitizers to avoid grows again with more than 100 identified that may contain methanol". USA Today. Retrieved 16 February 2021.
  9. ^ "Reconocimientos" [Awards - Kimberly-Clark de Mexico]. Kimberly-Clark de Mexico (in Spanish). Mar 30, 2024.
  10. ^ "Dow Jones Sustainability Indices components" [Dow Jones Sustainability Indices components-S&P Global]. S&P Global. Mar 30, 2024.