Kimberly-Clark Corp. announced that its board of directors has approved the previously announced plan to spin-off its paper and Canadian pulp operations.
"Today's actions are consistent with our global business plan and are aimed at increasing shareholder value," said Thomas Falk, chairman and CEO. "The approval to proceed with the spin-off of our paper and pulp operations allows us to further enhance our position as a highly focused and innovative health and hygiene company, while the stock repurchase authorization reflects Kimberly-Clark's strong balance sheet and our continuing ability to increase cash flow."
Latest from Recycling Today
- Equipment from the former Alton Steel to be auctioned
- Novelis resumes operations in Greensboro, Georgia
- Interchange 360 to operate alternative collection program under Washington’s RRA
- Waste Pro files brief supporting pause of FMCSA CDL eligibility rule
- Kuraray America receives APR design recognition for EVOH barrier resin
- Tire Industry Project publishes end-of-life tire management guide
- Des Moines project utilizes recycled wind turbine blades
- Charter Next Generation joins US Flexible Film Initiative
