kuraray


News Releases 2010

New Base of Operation for the Expanding South American Market
Decision to Establish Local Subsidiary in Brazil
Opening in Sao Paulo, Brazil Targeted for 2010

April 30, 2010
Kuraray Co., Ltd.

Kuraray Co., Ltd. (President: Fumio Ito; Headquarters: Chiyoda-ku, Tokyo; hereafter "Kuraray" ) announced today that it will accelerate market development in South America and has decided to establish a local subsidiary to accelerate core business development in emerging markets under the "GS-Twins" medium-term action plan covering fiscal 2009 through fiscal 2011. Brief details are as follows.

Planned subsidiary location
Sao Paulo, Brazil
Targeted opening
In 2010
Capital
Approximately ¥100 million (initially planned)
Number of employees
3 (initially)
Business activities
Initially, the construction of infrastructure for the Kuraray Group's business expansion in South America
Target
Expand Kuraray Group sales for the Latin American regions to $200 million after five years
Remarks
The name of the company and representative director will be announced after formally decided