April 22, 2016
Kuraray Co., Ltd.
Kuraray Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President: Masaaki Ito; hereinafter “Kuraray” or “the Company”) hereby announces its local U.S. subsidiary Kuraray America, Inc. (located in Texas) has completed construction of a new polyvinyl alcohol (“PVA”) resin plant. The dedication ceremony was held on April 21, 2016, U.S. local time.
|Date||April 21, 2016 (U.S. local time)|
|Attendees||Masaaki Ito (Representative Director and President, Kuraray Co., Ltd.)
Tomoyuki Watanabe (Vice President, Vinyl Acetate Resin Company; General Manager of the Poval Resin Division, Kuraray Co., Ltd.)
George Avdey (President and CEO, Kuraray America, Inc.; Executive Officer, Kuraray Co., Ltd.)
Hajime Suzuki (Vice President, Kuraray America, Inc.; Executive Officer, Kuraray Co., Ltd.)
Bob Chvala (Vice President, Kuraray America, Inc.)
Scott Landon (Plant Manager, Kuraray America, Inc.)
Other attendees: Approximately 120
|Location||Bayport Industrial District, Harris County, Texas, U.S.A.|
|Production capacity||40,000 tons annually in Phase I|
|Capital investment||Approximately US$300 million|
|Region||Annual capacity (tons)||Facilities|
|Asia||40,000||Singapore (Kuraray Asia Pacific Pte. Ltd.)|
|Europe||94,000||Frankfurt (Kuraray Europe GmbH)|
|U.S.A||63,000||La Porte (Kuraray America, Inc.)|
|40,000||Bayport (Kuraray America, Inc.’s new plant)|
|Company name||Kuraray America, Inc.|
|Capital||US$10.1 million (wholly owned subsidiary of Kuraray Holdings U.S.A., Inc.)|
|Principal businesses||Import and sale of fiber and textile products, resins, and chemicals; Production and sale of poval resins, polyvinyl butyral films, ethylene vinyl alcohol polymer resins (EVAL) and thermoplastic elastomers|
|Location||2625 Bay Area Boulevard, Suite 600, Houston, TX. 77058-1551 U.S.A.|
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