Sweden's Essity maxes output as coronavirus drives consumer stockpiling [Reuters]
SVENSKA CELLULOSA B (SVCBY)
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Source: Reuters
Sweden's Essity maxes output as coronavirus drives consumer stockpiling STOCKHOLM, March 20 (Reuters) - Swedish hygiene products giant Essity has increased its output to full capacity to cope with higher demand across markets, especially for toilet paper, as the coronavirus has driven consumers to stockpile. Governments are closing borders and asking their citizens to stay at home as they try to contain the virus that has killed more than 10,000 people and is spreading rapidly in Europe. “We have seen increased demand globally for all our consumer products, that is toilet and household towels, baby diapers, feminine care, and also incontinence care products in the retail channel,” Essity Chief Executive Magnus Groth told Reuters. “It’s due to hoarding. So from our perspective it’s a matter of timing of demand, really, rather than an increase in demand,” he said in an interview on Friday. Essity is the world’s second-biggest maker of consumer tissue such as toilet paper and handkerchie
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