June 5, 2012
Kuraray Co., Ltd.
Kuraray Co., Ltd. (President: Fumio Ito; Headquarters: Chiyoda-ku, Tokyo) today announced the establishment of a new Polyvinyl alcohol ("PVA") resin production facility at its U.S. subsidiary Kuraray America, Inc. (a wholly owned subsidiary in Texas). Details are provided below.
|Location||La Porte, Harris, Texas, the United States (land for facility has already been purchased)|
|Production capacity||40,000 tons/year in the first phase|
|Schedule||The completion of facility construction is planned for September 2014|
|Notes||For this investment which creates certain number of new jobs, Texas Enterprise Fund is granted by the State of Texas (Governor: Mr. Rick Perry) and Harris County Tax Abatement is granted by Harris County Commissioners Court.|
|Company name||Kuraray America, Inc.|
|Capital||US$10.1 million (100% investment by USA Kuraray Holdings U.S.A., Inc.)|
|Principal businesses||Production and sale of ethylene vinyl alcohol copolymer (EVOH resin) and thermoplastic elastomers as well as import/export and sale of chemical and textile products|
|Location||2625 Bay Area Boulevard, Suite 600 Houston, Texas 77058-1551 U.S.A.|