MEXICO CITY – Kimberly-Clark de Mexico, the production arm Kimberly Clark in terms of consumer goods and health care in the region, ruled relevant encumbrances in its financial statement as a result of the fire that its plant suffered last Friday. The manufacturing plant is located in Morelia in the state of Michoacan. It is remembered that the city has been proclaimed a UNESCO Heritage Site in 1991 because of the excellently preserved colonial buildings found in the area.
The company said preliminary reports indicate that the fire was triggered by a short circuit in the wiring of the entire plant. Investigators continue their research on the true cause of the blaze, also emphasizing that staff who work in the facilities were not injured or harmed during the incident.
“Kimberly-Clark estimates that the fire will have no significant impact on its results since it has the proper insurance to cover losses. The company also stated that they have sufficient manufacturing capacity in its 11 production facilities,” a spokesperson said.
Kimberly-Clark states that the impaired assets represent less than 3% of total fixed assets of the company, said in a brief report sent to the investing public of the Mexican Stock Exchange.