Kimberly-Clark, makers of Huggies, says it plans to stop local manufacturing and sales in Nigeria after 14 years of operation.
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”.The pullout of the international company follows the recent exit plans of multinationals from the country.
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