Kuraray Co., Ltd. (Headquarters: Chiyoda-ku; President: Hitoshi Kawahara) announces a planned increase of its globally in-demand ethylene vinyl alcohol copolymer (EVOH resin; Kuraray trademark: EVAL™) production capacity in its bases of operation in the United States and Europe.
A total of 5,000 tons/year will be added to the capacity of U.S., and European bases of operation in 2024, with another 5,000 tons/year to be added in 2026. This 10,000-tons/year total capacity increase will bring global production capacity from the present 103,000 tons/year to 113,000 tons/year.
Also, as detailed in the PASSION 2026 medium-term management plan, a project team established last year is currently deliberating on the creation of a new base of operations in Asia.
We anticipate that the need for food packaging will continue to increase in Asia, where the market for EVOH resin is expanding significantly. To improve our capacity to react swiftly to our customers’ needs, we intend to set up a technical center at the new Asian base of operations.
|Company name||Kuraray America, Inc.|
|Capital||US$10.1 million (wholly owned subsidiary of Kuraray Holdings U.S.A., Inc.)|
|Business||Import and sale of fiber and textile products, resins, and chemicals; Production and sale of PVOH resins, polyvinyl butyral films, ethylene vinyl alcohol polymer resins (EVAL™) and thermoplastic elastomers|
|Location||3700 Bay Area Boulevard, Suite 680 Houston, Texas, 77058, U.S.A.|
|Company name||EVAL Europe N.V.|
|Capital||€29.7 million (wholly owned by Kuraray Co., Ltd.)|
|Business||Production and sale of ethylene vinyl alcohol polymer resins (EVAL™)|
|Location||Haven1053, Nieuwe Weg1-Bus10 B-2070 Zwijndrecht (Antwerpen), Belgium|
|Kuraray America, Inc.||58||5||63||Texas, United States|
|EVAL Europe N.V.||35||5||40||Antwerp, Belgium|
|Kuraray Co., Ltd.||10||10||Okayama, Japan|