January 25, 2011
Kuraray Co., Ltd.
Kuraray Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President: Fumio Ito) announces that it has purchased land located in La Porte, Texas, through its local, wholly owned U.S. subsidiary, Kuraray America, Inc. (also located in Texas, hereinafter "KAI"). Details are provided below.
13100 Bay Area Boulevard, La Porte, Texas 77571 U.S.A.
(Around 1 mile north of KAI's EVAL and SEPTON plant)
81 acres (328,000m2)
Under our strategic plan to expand Kuraray's core business of Vinyl Acetate Chemical chains centering on Polyvinyl Alcohol (PVA), the decision to acquire the land was taken as it had been deemed necessary to secure land in preparation for plant construction in the United States.
|Name||Kuraray America, Inc.|
|Capitalization||U.S.$10.1 million (100% investment by Kuraray Holdings U.S.A., Inc.)|
|Employees||Around 210 people|
|Principal businesses||Imports and sales in the United States of Kuraray chemical and textile products as well as dental materials; manufacture and sales of EVAL and SEPTON in the Americas|
|Address||2625 Bay Area Boulevard, Suite 300, Houston, Texas 77058-1551, U.S.A.|
|Vinyl Acetate||Kuraray Okayama Plant||150,000 tons|
|PVA||Kuraray Okayama Plant/ Niigata Plant||124,000 tons|
|Kuraray Asia Pacific Pte. Ltd. (Singapore)||40,000 tons|
|Kuraray Europe GmbH (Germany)||70,000 tons*|