Essity could move more production into US if tariffs are introduced, CEO says

Essity AB (publ)

23/01/2025 07:08

By Agata Rybska
       Jan 23 (Reuters) - Swedish hygiene product and tissue
maker Essity could move more of its production into the U.S.
from Mexico and Canada if tariffs are introduced by President
Donald Trump, but is not considering plant closures, CEO Magnus
Groth said on Thursday.
    Essity generates some 14% of its sales in the U.S. and 10%
of the products sold there are imported, mainly from Mexico and
Canada, Groth told Reuters in an interview.
    "We're looking at ways, if needed, to move production even
more into the U.S.," he said.
    Groth said, however, that the plants in Canada and Mexico
would not be impacted by U.S. production becoming more local, as
they would still cater to local needs.

 (Reporting by Agata Rybska in Gdansk; editing by Milla Nissi)
 ((gdansk.newsroom@thomsonreuters.com;))