Kimberly-Clark seeks to ease Venezuelan toilet paper shortage
CARACAS, VENEZUELA — The Kimberly-Clark Corporation is planning a more than $30 million investment to expand operations in Venezuela, "in a move that should help ease an embarrassing national shortage of toilet paper," according to Reuters.
Scarcity of some items, including basic bathroom products, has marred the start of President Nicolas Maduro's government, which began in April, the article stated.
According to the article, the government is blaming private businesses for hoarding and price-gouging.
Kimberly-Clark has a 15 percent market share for toilet paper, and looks to increase the company's local capacity by 30 to 40 percent, the article noted.
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