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KP Tissue Rushes to Blunt U.S. Tariff Hit, Eyes U.S. Expansion
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Canadian paper products manufacturer KP Tissue faces significant tariff troubles that threaten to slash its revenue, so the company is expediting shipments south of the border while it relocates more production stateside. The company said on an earnings call Wednesday that about one-third of its total revenue is at risk under the United States' newly imposed 25% tariffs on Canadian imports. KP Tissue manufactures tissue brands such as Cashmere and Purex in Canada, where most of its production is still based.
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