DALLAS, Nov. 9, 2005 Kimberly-Clark Corporation (NYSE: KMB) today announced that its Consumer Tissue business is notifying customers of plans to raise prices in the U.S. during the first half of 2006. The company said the increases are necessary to offset significant inflationary pressure from higher raw material and energy costs.
Prices for bathroom tissue, paper towels, napkins and flushable moist wipes will be increased effective Feb. 5, 2006. Prices for facial tissue will be increased effective April 2, 2006. In total, the increases will average approximately 6 percent. Annual net sales of Kimberly-Clark's consumer tissue products in the U.S. are in excess of $2.5 billion.
About Kimberly-Clark
Kimberly-Clark and its well-known global brands are an indispensable part of life for people in more than 150 countries. Every day, 1.3 billion people almost a quarter of the world's population trust K-C brands and the solutions they provide to enhance their health, hygiene and well being. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds the No. 1 or No. 2 share position in more than 80 countries. To keep up with the latest K-C news and to learn more about the company's 133-year history of innovation, visit www.kimberly-clark.com.
Certain matters contained in this news release constitute forward-looking statements and are based upon management's expectations and beliefs concerning future events impacting the company. There can be no assurance that these future events will occur as anticipated or that the company's results will be as estimated. For a description of certain factors that could cause the company's future results to differ materially from those expressed in any such forward-looking statements, see the section of Part I, Item 1 of the company's Annual Report on Form 10-K for the year ended December 31, 2004 entitled "Factors That May Affect Future Results."