Kimberly-Clark, makers of Huggies, says it plans to stop
local manufacturing and sales in Nigeria after 14 years of operation.
The American multinational corporation made the announcement
in a statement on Friday.
According to the statement, the decision was made owing to
its recently refocused corporate priorities globally as well as economic trends
in the country.
“Kimberly-Clark today announces it has made the difficult
decision to exit its business in Nigeria after almost 15 years, due to recently
refocused company strategic priorities globally as well as economic
developments in the country,” the company said.
“Kimberly-Clark will
close its manufacturing facility and commercial office in Lagos and will no
longer manufacture, market, or sell its Huggies and Kotex products in the
country.”
The company said its top priority will be to fulfil its
obligations and ensure that employees and partners “are treated with fairness
and respect”.
In 2022, Kimberly-Clark opened its factory estimated at over
$100 million in the Ikorodu area of Lagos.
The pullout of the international company follows the recent
exit plans of multinationals from the country.
In August 2023, GlaxoSmithKline (GSK) Consumer Nigeria Plc
announced plans to cease operations, transferring its business activities to a
third-party organisation.
Sanofi-Aventis Nigeria Limited, a French pharmaceutical
company, in November 2023, also halted its direct operations in the country.
In December 2023, Procter & Gamble (P&G), an
American multinational consumer goods company, said it has plans to transition
from local production to solely importing its products.
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