October 31, 2011
Kuraray Co., Ltd.
Kuraray Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President: Fumio Ito; "Kuraray") today announces that it will boost the ethylene vinyl alcohol copolymer (EVOH resin; Kuraray trademark: EVAL) production capacity of Kuraray America, Inc., a wholly owned Kuraray subsidiary located in the U.S. state of Texas. Brief details are as follows.
* Derived from the campaign phrase Mirai ni Bakeru Shinsozai, which can be literally translated as "new materials that transform into the future"
|Location||EVAL Plant of Kuraray America, Inc. (Pasadena, Texas, the United States)|
|Capacity increase||12,000 tons/year|
|Schedule||Expanded facilities to start operations in January 2014|
|Capital investment||Approx. ¥4.0 billion|
|Current Capacity||Enhancement||Enhanced Capacity||Location|
|Kuraray America, Inc.||35,000||12,000||47,000||Texas, the United States|
|EVAL Europe N.V.||24,000||24,000||Antwerp, Belgium|
|Kuraray Co., Ltd.||10,000||10,000||Okayama, Japan|
|Company name||Kuraray America, Inc.|
|Capital||US$10.1 million (100% investment by Kuraray Holdings U.S.A., Inc.)|
|Business||Imports and sales of Kuraray chemical and textile products; manufacture and sales of EVOH resin and thermoplastic elastomer|
|Location||2625 Bay Area Blvd. Suite 300 Houston, Texas 77058-1551, U.S.A.|