Jan 18 2011
Kuraray Co., Ltd. (TOKYO:3405) (ISIN:JP3269600007) today announces the expansion of PVA (polyvinyl alcohol) resin production facility at its European subsidiary Kuraray Europe GmbH (Kuraray's wholly owned subsidiary in Frankfurt, "KEG").
This expansion of PVA resin production facility is intended to meet the growing demands of PVA resin in European markets. Details of the plant expansion are as follows.
Background of the Facility Expansion
In response to growing demand for PVA resin in European markets, Kuraray decided to expand production facilities to secure a stable supply system.
Overview of the Capital Investment
Location: Frankfurt, Germany
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)