Kimberly Clark Personal Hygienic Products Company Limited

MIGA issued an $8.55 million guarantee to Kimberly-Clark Corporation (KCC) of the United States for its $9.5 million equity investment in the manufacture and sale of personal care products in Beijing. MIGA guarantees cover KCC's investment against the risks of expropriation, transfer restriction, and war and civil disturbance.

KCC owns 95 percent of the joint venture, Kimberly-Clark Personal Hygienic Products Company Limited, and the state-owned Beijing Economic Technological Investment and Development Corporation holds the remaining 5 percent. The facility will employ more than 100 local workers and provide training in sales, management, and the use of new technology for the production of high-quality personal care products. Local suppliers will provide approximately 60 percent of the project's inputs. Supplier businesses, such as packaging, distribution, and advertising companies, will also benefit.