Kimberly Clark unveils world-class manufacturing plant in Lagos
American multinational cooperation, Kimberly Clark, makers of Huggies, Kotex (sanitary pad) and other hygiene and personal products have joined the league of foreign investors with confidence in Nigeria as an investment destination with the unveiling of a world-class manufacturing plant in Lagos, Nigeria.
Founded in 1872, Kimberly Clark ventured into Nigeria about 5 years ago, importing products manufactured elsewhere to trade in Nigeria. To date, they have invested over $100 million in Nigeria.
The launch of their own manufacturing plant in Lagos, the 64th in the world and 5th in Africa is a testament to not only Nigeria’s attractiveness as an investment destination but also, the interlink between trade and investment – the potentials when a foreign investor ventures into a new market by first trading their products.
Meanwhile, when Kimberly Clark set out to build this manufacturing plant, they did not envisage that a global pandemic will catch up with the project however, in a show of resilience they carried on with the 18-month long task of setting up even through the peak of the COVID pandemic.
Nigerian Investment Promotion Commission (NIPC) is proud to welcome Kimberly Clark and be associated with their success story.
Speaking on the sidelines of the launch, NIPC’s acting Executive Secretary/CEO, Mr Emeka Offor committed to providing Kimberly Clark aftercare services to support their operations.
Nigeria’s Vice President, Prof. Yemi Osinbajo who was the special guest of honour at the launch expressed government’s support for the project. He stated that every new manufacturing plant is an important step towards government’s belief that private investments – both local and foreign is the pathway to rapid economic growth.
Other dignitaries at the event included Otunba Richard Adebayo, the Honourable Minister, Industry, Trade & Investment, Dame Pauline Tallen, Honourable Minister of Women Affairs, Prince Clem Agba, Minister of State, Finance, Budget and National Planning, Babajide Sanwo-Olu, Governor of Lagos, amongst others who also expressed their support for the project.
In a further show of support, both the Minister of State, Finance, Budget & National Planning, Prince Agba and Governor Sanwo-Olu pledged a total of N2.5 billion to develop adjoining infrastructure leading up to the factory site.
