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Kimberly-Clark Corporation Completes Integration of S-K Corporation and Taiwan Scott Paper Company
Kimberly-Clark Corporation Completes Integration of S-K Corporation and Taiwan Scott Paper Company DALLAS, August 31, 2001 – Kimberly-Clark Corporation (NYSE: KMB) today announced it has completed the merger of S-K Corporation and Taiwan Scott Paper Corporation into one company, Kimberly-Clark Taiwan. With annual sales of more than US$200 million, Kimberly-Clark Taiwan will be the country’s second largest consumer products company.

Kimberly-Clark acquired the majority shares in S-K Corporation in July 2000 and 100-percent interest in Taiwan Scott Paper Company in December 2000.

Ken Marshall, Chairman & Group Managing Director of Kimberly-Clark Taiwan said, “Kimberly-Clark Corporation has increased its investment significantly in Taiwan because we have great confidence in the economic future of the island and in the long term strength of its consumer and commercial products market. Kimberly-Clark Taiwan will continue to bring high quality products that Taiwan consumers have come to expect from Taiwan Scott and S-K Corporation. In the coming years we will continue to innovate, improve and launch new products and hopefully play a part in helping Taiwan consumers live happier, healthier lives.”

Strong local leadership is firmly in place to steer Kimberly-Clark Taiwan forward from September 1, 2001. The Family Care sector, which will market consumer tissue products under the brand names of Scott and Kleenex will be under the leadership of President and Managing Director Meiling Chiang, who previously served as Managing Director of Taiwan Scott.

The Personal Care sector, which markets disposable baby diapers and feminine napkins under the Huggies and Kotex brands, will be led by President and Managing Director Frank Lin, who previously served as Managing Director of S-K Corporation.

Kimberly-Clark Corporation is a leading global manufacturer of tissue, personal care and health care products. The company’s global brands include Huggies, Pull-Ups, Kimbies, Kotex, Depend, Kleenex, Scott, Kimberly-Clark, Tecnol, Kimwipes and WypAll. Kimberly-Clark also is a major producer of premium business, correspondence and technical papers. The company has manufacturing operations in 41 countries and sells its products in more than 150 countries.