Kuraray Co., Ltd. (President: Fumio Ito; Headquarters: Chiyoda-ku, Tokyo; hereafter "Kuraray") announces the finalization of details regarding its local Brazilian subsidiary, the establishment of which was announced in April 2010, as set out below.
(For more information on Kuraray's decision to establish the aforementioned subsidiary, please refer to:

The building that houses Kuraray South America

Company Name
Kuraray South America Representações Ltda. (Kuraray South America)
3.5 million reais (approximately 180 million at November 2010 rate of exchange)
(Kuraray 100%)
Akihiro Hoashi
Al. Campinas, 977, 5O andar, CEP 0140-4001 –Jd. Paulista, São Paulo – SP, Brazil
Number of employees
3 (initially)
Intended commencement of operations
December 2010

Although the new subsidiary's business activities and target remain unchanged from those announced in April 2010, these are stated below for reference.

Business activities
Initially, the construction of infrastructure for the Kuraray Group's business expansion in South America
Expand Kuraray Group sales for the Latin American regions to $200 million after five years

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