December 28, 2001
Kuraray Co., Ltd.
Kuraray Co., Ltd. finalized the acquisition of Clariant's polyvinyl alcohol and polyvinyl butyral businesses on December 27, 2001, and launched these businesses as its own operation on the same day. The company entered into an agreement to purchase PVA-related operations on July 9, 2001 and had been proceeding with the various procedures required for the consummation of the acquisition including the approval by the competent authorities.
|Company Name||Kuraray Specialities Europe GmbH|
|Capital||20 million Euro (Kuraray Europe GmbH(*) owns 100% share thereof)|
|President||Dr. Gerd Lepper|
|Head office||Frankfurt, Germany|
|Business line||Manufacture and sale of PVA-related products|
|Production capability||PVA (50,000MT/Y), PVB (16,000MT/Y)|
|Net sales||¥18 billion (target for fiscal 2003)|
Fiber sizing agents, paper processing agents, adhesives and PVB, etc.
Interlayers used in the manufacture of windows and windshields, specialty paints and adhesives, etc.