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Kimberly-Clark agreed to sell a 51% stake in its international Kleenex and tissue businesses outside North America to a new venture with Suzano SA, valuing the unit at $3.4 billion, with Suzano paying $1.73 billion in cash.
Kimberly-Clark is investing $18 million to expand its plant in Sitio del Niño, La Libertad, adding a 13,000+ sq m building that will raise Scott and Kleenex production capacity by 30%, with works concluding in 2021.
