Kimberly-Clark: If oil prices remain at $100 per barrel, costs could increase by up to $170 million.
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Glonghui, April 29|Paper company Kimberly-Clark stated that if oil prices remain at $100 per barrel in the second half of this year, input costs will increase by $150 million to $170 million, but the company is confident it can offset part of the cost rise. The company added that last quarter it suffered a $50 million loss due to extra costs caused by the war in the Middle East and a fire at its California distribution center.
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