January 14, 2011
Kuraray Co., Ltd.
Kuraray Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President: Fumio Ito; "Kuraray") today announced the expansion of PVA resin production facility at its European subsidiary Kuraray Europe GmbH (Kuraray's wholly owned subsidiary in Frankfurt, Germany; "KEG"). Details of the plant expansion are as follows.
In response to growing demand for PVA resin in European markets, Kuraray decided to expand production facilities to secure a stable supply system.
|Production capacity||Increase in production capacity from expansion: 24,000 tons/year
Current production capacity of existing facilities: 70,000 tons/year
Production capacity after completion: 94,000 tons/year
|Capital investment||Approximately 58 million euros *|
|Commencement of operations||The first quarter of fiscal 2013 (planned)|
|Company name||Kuraray Europe GmbH|
|Capital||31,000,000 euros (100% investment by Kuraray)|
|President||Dr. Matthias Gutweiler|
|Principal businesses||Manufacture and sale of PVA resin, PVB (polyvinyl butyral) resin and film; import and sale of fibers and textiles, chemicals, and dental materials|
In 1950, Kuraray became the first in the world to develop PVA resin, which is used as a material for KURALON fibers. With its unique water-solvent properties, PVA resin is widely utilized in such items as paper processing agents, adhesive agents and fiber sizing agents. In addition, PVA resin has high market share worldwide thanks to its use in optical poval film, a basic component of LCDs.
Furthermore, PVB (polyvinyl butyral) resin made from PVA resin is used in paints, inks and binders in fine ceramics, while PVB film has been adopted for the manufacture of window glass for buildings and as an inter-layer in shatterproof safety glass for vehicles. In recent years, PVB film's applications have widened to include sealants for solar power generation panels.
Trademarks of products manufactured at KEG and sold are as follows
|PVB resin||MOWITAL, PIOLOFORM|
|PVB film||TROSIFOL, TROLEN|
|Kuraray Okayama Plant/ Niigata Plant||124,000 tons|
|Kuraray Asia Pacific Pte. Ltd. (Singapore)||40,000 tons|
|KEG Kuraray Europe GmbH||70,000 tons *|
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