European subsidiary Kuraray Europe GmbH (KEG) (a wholly owned subsidiary of Kuraray Co., Ltd.; Head Office: Frankfurt, Germany, President: Dr. Gerd Lepper) announces the establishment of a new European subsidiary to reinforce Kuraray's networks in Europe and accelerate future market development in Eastern Europe. An overview of the company is as follows.

Company name Kuraray Nordic Ab Oy
Location Kiinteisto Oy Avia Line 1, Perintotie 2D, 01510 Vantaa, Finland
Representative Mr. Keijo Oksanen (Managing Director)
Capital €50 thousand (100% owned by KEG)
Employees Approximately four in the first fiscal year
Establishment December 19, 2008
Principal businesses Sales of Kuraray Group products in Northern Europe and market development
Initially overseeing PVA resin and PVB resin sales,
the scope of business activities will be expanded in sequence

Overview of KEG

Company name Kuraray Europe GmbH
Headquarters Frankfurt, Germany
President Dr. Gerd Lepper
Capital €31 million (100% owned by Kuraray Co., Ltd )
Number of employees Approximately 550
Principal businesses Manufacture and sale of PVA resin (MOWIOL), PVB resin (MOWITAL) and film (TROSIFOL)
Import and sale of fibers and textiles, chemicals and dental materials