Kimberly-Clark (K-C) has reported net sales of $5.1bn in its latest results, which it said were driven by its “powerhouse pipeline of innovation”. First quarter sales of $5.1bn were 1% lower than the prior-year period, including negative impacts of 5% from foreign currency translation and approximately 1% from the divestiture of the Tissue and K-C Professional business in Brazil in June 2023. First quarter operating profit was $853m, compared to $787m last year, while organic sales were up 6% driven by a 4% increase in price, 1% favourable product mix and a 1% increase in volume. In North America, organic sales increased 3% compared to last year, driven by 2% growth in Personal Care and 6% growth in Consumer Tissue, partially offset by a decline of 1% in K-C Professional. In D&E markets, organic sales were up 15% reflecting both pricing gains as well as volume and mix gains. Mike [...]

Liberty Steel will "temporarily pause" production at its wire rod mill in Georgetown, South Carolina, and shift the plant's production to making steel wire mesh and welded steel products, the company announced on Friday April 19 The post Liberty Steel to pause wire rod production in Georgetown appeared first on Fastmarkets. [...]