US diaper firm to stop production in Nigeria two years after N100m investment

Source: The Guardian Newspaper

Summary:

• Kimberly-Clark, an international manufacturer, is halting production of Huggies diapers and Kotex sanitary pads in Nigeria.
• The decision to cease operations reportedly comes after investing $100 million in Nigeria.
• An online platform, Nairametrics, cited an unnamed source for this information.
• Kimberly-Clark’s Ikorodu production facility is expected to be shut down.
• The facility, inaugurated in 2022 by former Vice President Yemi Osinbajo and Lagos State Governor Babajide Sanwo-Olu, aimed to enhance the company’s presence in Nigeria.

Conclusion:

Kimberly-Clark’s decision to discontinue production of Huggies diapers and Kotex sanitary pads in Nigeria marks a significant development in the country’s consumer goods sector. Despite the substantial investment made just two years prior, the company’s move reflects ongoing challenges and shifts in market dynamics. The closure of its Ikorodu facility raises questions about the broader business environment and the future of multinational manufacturing investments in Nigeria.

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