Kimberly-Clark (KMB) said Thursday that it plans to invest more than $2 billion in its North America business over the next five years.
The investments will significantly expand Kimberly-Clark's manufacturing capacity in the US, according to the company.
The investments cover a new advanced manufacturing facility in Warren, Ohio, and the expansion of a site in Beech Island, South Carolina, Kimberly-Clark added.
These two projects will add more than 900 highly skilled jobs and construction will begin in May with expected completion in the next two to three years, the company said.
Shares of Kimberly-Clark were down 1.1% in recent trading.
Price: 130.40, Change: -1.38, Percent Change: -1.05
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