Kimberly-Clark to raise tissue, diaper prices in U.S. and Canada

March 31 (Reuters) - Kimberly-Clark Corp said on Wednesday it would raise prices for a majority of its products, including tissues and diapers, sold in the United States and Canada to offset rising commodity costs.

The company makes several pulp-based products such as Cottonelle toilet paper, Kleenex facial tissue and Kotex feminine hygiene products, and has seen a surge in demand for the products during the pandemic, especially lockdowns, that drove consumers to clean out shelves in supermarkets.

Kimberly Clark said the price increases, in the mid-to-high single digits, will be effective in late June and impact the company’s baby and child care, adult care and Scott bathroom tissue businesses.

Most consumer product companies have been pressured by recent increases in cost of raw materials such as pulp, recycled fiber and resins, even as hygiene and cleaning products remain in demand despite easing of coronavirus-related restrictions. (Reporting by Nivedita Balu in Bengaluru; Editing by Shinjini Ganguli)