![]() The company is also running down its finished goods inventory, which it usually maintains at 20 to 45 days of supply, to what Mr. To do so, the company has cranked up older, inactive production lines that were less efficient and focused on producing more of its higher-volume products such as 12-roll packs of two-ply tissue. Meeting the sudden increase in demand has required squeezing extra production out of a network of eight North American plants that already run around the clock. ![]() But as stock markets crash, KP stock is still ahead of where it started the year, and unless supply is disrupted for its main raw material, North American and South American pulp, it should weather the uncertainty better than most. In fact, the price of KP stock rose by about 15 per cent over the past month before easing back this week. (Kruger also makes Scotties facial tissues, the market leader in its category, and Sponge Towels paper towels.) “You’re going to see it catch up in days and weeks."Īs problems go, that pales in comparison to industries that are weathering severe shocks because of the widespread economic chaos caused by the spread of the novel coronavirus, which causes COVID-19. ![]() “We’ve got all the raw material, we’ve got all the assets running, we have all the production, our sites are at full capacity to recover from this spike," said Dino Bianco, chief executive officer of Mississauga-based Kruger Products LP, maker of Cashmere and Purex brand toilet paper, which has a 33-per-cent market share. Should I cancel my plans? How to get social distancing right in the coronavirus outbreak It has been one of the enduring images of the COVID-19 pandemic: empty toilet paper shelves in stores around the world as fearful citizens stockpile staples for long home stays.īut the head of Canada’s largest producer of toilet tissue says that despite a jump in demand, there’s no shortage of product in Canada.Ĭoronavirus guide: The latest news on COVID-19 and the toll it’s taking around the world ![]()
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