Misplaced Pages

#637362

28-537: The company was acquired by the Kimberly-Clark Corporation in 1995. Scott Paper was founded in 1879 in Philadelphia by brothers E. Irvin and Clarence Scott, and is often credited as being the first to market toilet paper sold on a roll . They began marketing paper towels in 1907, and paper tissues in the 1930s. In 1927, Scott purchased a Nova Scotian pulp mill , and thus began

56-523: A cotton substitute used by the U.S. Army as surgical cotton during World War I . Army nurses used cellu-cotton pads as disposable sanitary napkins , and six years later the company introduced Kotex , the first disposable feminine hygiene product . Kleenex , a disposable handkerchief , followed in 1924. Kimberly & Clark joined with The New York Times Company in 1926 to build a newsprint mill in Kapuskasing , Ontario, Canada. Two years later,

84-543: A brand of waxed paper , which was sold to Reynolds Metals in 1986. The headquarters of the company for many years was located at International Plaza (known then as Scott Plaza) in Tinicum Township , Delaware County , Pennsylvania , in Greater Philadelphia . The complex at that time consisted of three buildings known as Plaza I, Plaza II, and Plaza III. Plaza I was completed in 1961. Plaza II

112-490: A global business plan that the company has detailed in July 2003. The firm combined its North American and European groups for personal care and consumer tissue under North Atlantic groups. In 2019, CEO Thomas Falk resigned his position but continued on as the company's chairman of the board . COO Michael D. Hsu became CEO following Falk's retirement. As of March 2020, the company had approximately 40,000 employees. In April 2020,

140-635: A long series of acquisitions. It joined with The Mead Corporation in 1936 to form Brunswick Pulp & Paper Company, which used their pulp mill in Georgia to supply both Mead and Scott. The company then bought mills in New York and Wisconsin , and during the 1950s Scott merged with Soundview Pulp Company and Hollingsworth & Whitney Company , which provided timberlands and mills in Washington , Alabama , and Maine . Scott enjoyed success throughout

168-432: A period underwear brand. Kimberly-Clark shares are mainly held by institutional investors ( The Vanguard Group , BlackRock , State Street Corporation , and others). Its subsidiaries include Kimberly-Clark Professional. The origin of Midwest Airlines can be traced back to 1948, when Kimberly-Clark opened its corporate flight department and began providing air transportation for company executives and engineers between

196-919: A regularly scheduled passenger airline, Midwest Express Airlines , which was started on June 11, 1984. The name of the airline was shortened to Midwest Airlines in 2003. K-C Aviation divested itself from the airline in 1996. Two years later, Gulfstream Aerospace purchased K-C Aviation from Kimberly-Clark for $ 250 million, which included its operations at airports in Dallas, Appleton, and Westfield, Massachusetts . Kimberly-Clark produces mostly paper-based consumer products. The company manufactures sanitary paper products and surgical & medical instruments . Kimberly-Clark brand name products include Kleenex facial tissue, Kotex feminine hygiene products, Cottonelle , Scott and Andrex toilet paper , Wypall utility wipes , KimWipes scientific cleaning wipes and Huggies disposable diapers and baby wipes . Kotex

224-520: A town then known as The Cedars for a new groundwood pulp plant designed by prominent paper mill architects D. H. & A. B. Tower . In 1889, the town was renamed Kimberly after John A. Kimberly. The company would also contract the firm to expand its vast sulphite pulp complex in Appleton, Wisconsin , which allowed it to become the first firm west of Pennsylvania to adopt this improved manufacturing process. The company developed cellu-cotton in 1914,

252-423: Is a brand name of facial tissue paper. Many versions have been made, including "with lotion, our softest ever!" and "regular". In the 1970s, color psychologist Dr. Cody Sweet represented newly styled Kleenex boxes as a national media spokesperson. Scott is a brand name of paper napkins , paper towels and bath tissue/ wipes . Viva is a brand name of heavy-duty paper towels. The Mexican market has most of

280-532: Is a feminine hygiene product line that includes pantiliners , pads and tampons . Cottonelle is a brand name for bath products. Product forms include premium bath tissue and flushable moist wipe products. On October 13, 2020, the Cottonelle brand flushable wipes issued a recall because the products manufactured between February through September may contain Pluralibacter gergovaie . Kleenex

308-461: Is an annual list compiled and published by Fortune magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies , along with privately held companies for which revenues are publicly available. The concept of the Fortune 500 was created by Edgar P. Smith, a Fortune editor, and the first list

SECTION 10

#1732780668638

336-693: The Financial Times reported that panic-buying during the COVID-19 pandemic led to a 13 percent increase in sales of Kimberley-Clark's consumer tissues in the first quarter of 2020 compared with the previous year. In April 2020, Kimberly Clark reported an eight percent decline in organic sales, its worst sales performance in at least a decade, according to the Wall Street Journal. In 2022, Kimberly Clark acquired majority stake in Thinx ,

364-715: The Las Colinas section of Irving, Texas , since 1985, the company operated its own paper mills around the world for decades, but closed the last of those in 2012. With recent annual revenues topping $ 18 billion per year, Kimberly-Clark is regularly listed among the Fortune 500 . As of March 2020, the company had approximately 40,000 employees. Kimberly, Clark and Co. was founded in 1872 by John A. Kimberly , Havilah Babcock , Charles B. Clark and Franklyn C. Shattuck in Neenah, Wisconsin, with $ 42,000 (equivalent to US$ 1,068,200 in 2023) of capital. The group's first business

392-702: The 20th century due to their advertising methods, which can be traced back to Arthur Scott, the son of E. Irvin Scott. Scott's hard-sell magazine advertisements of the 1930s focused on warnings that using harsh toilet paper would lead to painful rectal trouble. Another famous example of 1936 asked "Is your washroom breeding Bolsheviks ?", suggesting that cheap toilet paper might turn employees to Communism. In December 1994, Scott sold its printing and publishing papers business, consisting of its wholly owned subsidiary, S.D. Warren, for approximately $ 1.6 billion. In 1995, Scott Paper merged with Kimberly-Clark , The new company used

420-466: The American products, as well as these products: KimWipes are a type of cleaning tissue commonly used in laboratories . They are intended for applications in which leaving lint or fibers on a surface would be undesirable, such as on slides and pipettes . They are sometimes used to clean lenses , but use on optical lenses with special water- and solvent-based coatings may cause light blemishes, and

448-553: The change came 291 new entrants to the famous list including three in the Top 10. As of 2020, the Fortune 500 companies represent approximately two-thirds of the United States' gross domestic product with approximately $ 14.2 trillion in revenue, $ 1.2 trillion in profits, and $ 20.4 trillion in total market value. These revenue figures also account for approximately 18% of the gross world product . The companies collectively employ

476-590: The company paid $ 365 million for the tissue business of Swiss-based Attisholz Holding. Expanding its offerings of medical products, the company bought Ballard Medical Products in 1999 for $ 774 million and examination-glove maker Safeskin in 2000 for about $ 800 million. Also in 2000, the company bought virtually all of Taiwan 's S-K Corporation; the move made Kimberly-Clark one of the largest manufacturers of packaged goods in Taiwan. The company later purchased Taiwan Scott Paper Corporation for about $ 40 million and merged

504-773: The company went public as Kimberly-Clark. The firm expanded internationally during the 1950s, opening plants in Mexico, West Germany and the United Kingdom. It began operations in 17 more foreign locations in the 1960s. The company formed Midwest Express Airlines from its corporate flight department in 1984. Kimberly-Clark's headquarters moved from Neenah, Wisconsin to Irving, Texas the following year, although its products are still produced in Neenah. Alongside Cadbury , Kimberly-Clark withdrew advertising support for Lou Grant in 1982, due to pressure from various conservative caucuses campaigning against star Ed Asner . Under

532-495: The company's headquarters in Neenah and its paper mills. In 1969, K-C Aviation was born from the company's air operations, and was dedicated to the maintenance of corporate aircraft. In 1982, K-C Aviation initiated shuttle flights for Kimberly-Clark employees between Appleton, Memphis, and Atlanta. With this experience, and considering the Airline Deregulation Act of 1978, Kimberly-Clark and K-C Aviation formed

560-720: The feminine hygiene unit of VP-Schickedanz (Germany) for $ 123 million and a 90% stake in Handan Comfort and Beauty Group (China). Kimberly-Clark merged with Scott Paper in 1995 for $ 9.4 billion. In 1997, Kimberly-Clark sold its 50% stake in Canada's Scott Paper to forest products company Kruger Inc. and bought diaper operations in Spain and Portugal and disposable surgical masks maker Tecnol Medical Products. Augmenting its presence in Germany, Switzerland and Austria, in 1999

588-555: The leadership of Darwin Smith as CEO from 1971 to 1991, the company was transformed from a business paper company to a consumer paper products company. In 1991, Kimberly-Clark and The New York Times Company sold their jointly owned paper mill in Kapuskasing , Ontario . Kimberly-Clark entered a joint venture with Buenos Aires -based Descartables Argentinos S.A. to produce personal care products in Argentina in 1994 and also bought

SECTION 20

#1732780668638

616-470: The manufacturer recommends using a wipe specifically designed for use with coated lenses. KimWipes are composed of virgin wood pulp from certified forests, with few chemical additives. WypAll is a brand name for cleaning towels, wipes, and cloths. They are used in industrial settings and laboratories. DryNites are a version of GoodNites sold in Europe and Australasia. Fortune 500 The Fortune 500

644-719: The name Kimberly-Clark and maintained the Scott Paper product names. Scott Paper Limited, its subsidiary in Canada , was sold and became Kruger Inc. As part of the sale of the company, the Baby Fresh baby wipes brand was sold to Procter & Gamble and is now sold under the Pampers brand. The Scotties facial tissue brand in the United States was sold to Irving Tissue . Other divested brands include Cut-Rite ,

672-550: The two companies, forming Kimberly-Clark Taiwan. In 2001, Kimberly-Clark bought Italian diaper maker Linostar and announced it was closing four Latin American manufacturing plants. In 2002, Kimberly-Clark purchased paper-packaging rival Amcor 's stake in an Australian joint venture. In 2003, Kimberly-Clark added to its global consumer tissue business by acquiring the Polish tissue maker Klucze. In early 2004, chairman and chief executive officer Thomas Falk began implementation of

700-793: Was completed after 1961. Plaza III was completed in 1969. The complex was constructed for the purpose of serving as Scott's headquarters. Kimberly-Clark Kimberly-Clark Corporation is an American multinational consumer goods and personal care corporation that produces mostly paper-based consumer products. The company manufactures sanitary paper products and surgical & medical instruments. Kimberly-Clark brand name products include Kleenex facial tissue, Kotex feminine hygiene products, Cottonelle , Scott and Andrex toilet paper , Wypall utility wipes, KimWipes scientific cleaning wipes and Huggies disposable diapers and baby wipes . Founded in Neenah, Wisconsin , in 1872 and based in

728-478: Was limited to companies whose revenues were derived from manufacturing, mining, and energy exploration. At the same time, Fortune published companion " Fortune 50" lists of the 50 largest commercial banks (ranked by assets), utilities (ranked by assets), life insurance companies (ranked by assets), retailers (ranked by gross revenues) and transportation companies (ranked by revenues). Fortune magazine changed its methodology in 1994 to include service companies. With

756-406: Was operating paper mills , which the collective expanded throughout the following decades. In 1888, the fledgling company faced a significant setback when its groundwood "Atlas" paper mill burned. Through an extensive effort by labor and management, within five months the mill was rebuilt and in production at a greater capacity. In that same year the company began rapid expansion, purchasing land in

784-407: Was published in 1955. The Fortune 500 is more commonly used than its subset Fortune 100 or superset Fortune 1000 . The Fortune 500, created by Edgar P. Smith, was first published in 1955. The original top ten companies were General Motors , Jersey Standard , U.S. Steel , General Electric , Esmark , Chrysler , Armour , Gulf Oil , Mobil , and DuPont . The original Fortune 500

#637362