kuraray


News Releases 2006

Concerning Organizational Changes to the Manufacture of Methacrylic Resin Cast Sheets

December 25, 2006
Kuraray Co., Ltd.

Kuraray Co., Ltd. announces organizational changes to the manufacture of resin cast sheets and synthetic marble, which form part of its proprietary methacrylic resin manufacturing business that includes MMA (methyl methacrylate) monomer, methacrylic resin molding material and resins. Details of the changes are set out below.

By carrying out these changes, the Kuraray Group intends to ensure the competitiveness of its core businesses and offer value-added improvements.

(1) Cast sheet business

The Japanese subsidiary, Kuraray Niigata Kasei Co., Ltd., will cease the production and supply of methacrylic resin cast sheets. With the exception of certain products, production and supply will be shifted to the Chinese subsidiary, Kuraray Methacrylate (Zhang Jia Gang) Co., Ltd..

(2) Synthetic marble business

The production of acrylic synthetic marble will be transferred from Kuraray Niigata Kasei Co., Ltd. to Kuraray's main Niigata plant. This will serve to centralize the development and manufacture of this product.

In accordance with the above changes, Kuraray Niigata Kasei Co., Ltd. will cease manufacturing activities at the end of March 2007. In principle, its workforce will be reallocated within the Kuraray Group.

Kuraray Niigata Kasei Co., Ltd. corporate profile

Location 3696, Akagawa, Tainai, Niigata, Japan
President Susumu Gotanda
Principal business Manufacture and processing of methacrylic resin sheet
Paid-in capital ¥50 million
Shareholding 100% by Kuraray Co., Ltd.
Employees 95

Kuraray Methacrylate (Zhang Jia Gang) Co., Ltd. corporate profile

Location Jiansu Yangtze International Chemical Industrial Park, ZhangJiaGang City, JiangSu Province, China
Chairman Tokio Aikura
President Yasuo Hattori
Principal business Manufacture of methacrylic resin sheet
Paid-in capital US$9.6 million
Shareholding Kuraray Co., Ltd. 80%, Kuraray Trading 20%
Employees Approx. 110