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Kimberly-Clark Suspends Operations In Venezuela

July 9, 2016: 12:00 AM EST
Kimberly-Clark Corp. said it is suspending its operations in Venezuela due to the worsening economic crisis in the country. According to the personal care products manufacturer, it had already stopped most of its production lines over the last two months. Also, the company said it had found it impossible to acquire raw materials and hard currency, and that high inflation had hurt its local operations.
Brian Ellsworth, "Kimberly-Clark halts Venezuela operations on deteriorating economy", Reuters, July 09, 2016, © Reuters
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