May 1 (Reuters) - Kleenex tissue maker said on
Thursday it would invest $2 billion over five years to expand
its manufacturing capacity in the United States amid a push for
local manufacturing under U.S. President Donald Trump.
The Trump administration's efforts to impose import taxes on
goods from major U.S. trading partners are prompting companies
to reconsider their supply chains to avoid increased costs.
The company said the investment will focus on two
facilities: an advanced manufacturing facility in Warren, Ohio,
and an expansion of a distribution center in South Carolina.
The company, which also produces Huggies diapers, expects to
create more than 900 jobs in industrial automation and advanced
manufacturing. Kimberly-Clark ( KMB ) employed about 38,000 people
globally as of December 31.
Last week, Kimberly-Clark ( KMB ) cut its annual profit forecast and
said it would incur about $300 million in costs due to tariffs.
While the company manufactures the vast majority of its
products domestically, imports from Canada, Mexico and China
represent less than 10% of the U.S. cost of goods sold,
Kimberly-Clark ( KMB ) has said.