Kimberly-Clark, makers of Huggies, says it plans to stop local manufacturing and sales in Nigeria after 14 years of operation.
The American multinational corporation made the announcement in a statement on Friday.
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”.
In 2022, Kimberly-Clark opened its factory estimated at over $100 million in the Ikorodu area of Lagos.
The pullout of the international company follows the recent exit plans of multinationals from the country.
In August 2023, GlaxoSmithKline (GSK) Consumer Nigeria Plc announced plans to cease operations, transferring its business activities to a third-party organisation.
Sanofi-Aventis Nigeria Limited, a French pharmaceutical company, in November 2023, also halted its direct operations in the country.
In December 2023, Procter & Gamble (P&G), an American multinational consumer goods company, said it has plans to transition from local production to solely importing its products.
