Jan 5, 2005
Kuraray Co., Ltd.
Kuraray Co., Ltd. signed a contract in November 2004 for the acquisition of the PVB (polyvinyl butyral) film business of HT Troplast AG of Germany and initiated the necessary procedures. Kuraray received official approval to proceed with the acquisition from the relevant governing authorities, completed the required administrative and legal procedures on December 30, and has assumed the operation of the film business.
The acquired operations will become one business division of Kuraray Co., Ltd.'s German subsidiary, Kuraray Specialities Europe GmbH (hereinafter, "KSE").
|(1) Company name||Kuraray Specialities Europe GmbH|
|(2) Capital||20 million euros(100% funded by Kuraray Europe GmbH(*))|
|(3) President||Dr. Gerd Lepper|
|(4) Headquarters||Frankfurt, Germany|
|(5) Business||Development, manufacture and sale of PVA resin, PVB resin and film|
|(6) Production capacity||PVA : 50,000 tons per year
PVB : 20,000 tons per year
PVB film : 26,000 tons per year
|(7) Net sales||Approximately 200 million euros|
|(8) Number of employees||Approximately 500|
|(1) Location||Troisdorf, Germany|
|(2) Net sales||Approximately 100 million euros(included in KSE net sales figure above)|
|(3) Number of employees||Approximately 250(included in KSE employees figure above)|
|(4) Network||Manufacturing subsidiaries in Germany and Russia, marketing subsidiaries in the United States, Malaysia, and India|
Interlayer films for laminated safety glass for construction and automotive use