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Kuraray Co., Ltd. Expands Poval Facilities with a Greenfield Plant in Houston, Texas

  Kuraray Co., Ltd. Expands Poval Facilities with a Greenfield Plant in
  Houston, Texas

Business Wire

HOUSTON -- April 9, 2013

On April 11, 2013, Kuraray will break ground on a greenfield Kuraray Poval
(PVOH) plant located in La Porte, Texas. This new plant will add to Kuraray’s
vast portfolio of manufacturing in the United States, including EVAL (ethylene
vinyl acetate) and SEPTON (co-block thermo-elastomers). Kuraray’s Poval plant
will have a production capacity of over 40,000 tons in its first phase.

With operations to begin in early 2015, Kuraray will add an additional 107
jobs over the next two years to the Houston Bay Area. Kuraray’s strategy for
growth within the Houston area is due to developments in natural gas
exploration technology, specifically shale gas and the excellence of area
infrastructure and ideal workforce.

George Avdey, President and CEO of Kuraray America, Inc., said about Houston,
“Kuraray felt this was an ideal place to establish a beachhead for further
expansions.”

Kuraray has a long history in production of vinyl acetate production starting
in 1926 with the production of synthetic rayon, which was cutting-edge
technology at the time. In the 1950s, Kuraray became Japan's first domestic
producer of synthetic fiber, becoming a world leader in the commercialization
of PVOH (Kuraray Poval) fiber under the KURALONbrand.

“Kuraray is one of the innovators and pioneers of the production of PVOH,”
said Bob Chvala, Vice President and General Manager of the Poval Division.

With the new plant, Kuraray will be able to supply Poval to customers with
global needs and provide the ability to second source materials from our own
facilities in order to meet the increasing demand. Along with global presence,
Kuraray provides unique technical service that allows customers to develop new
applications and grades all in-house.

About Kuraray Poval

Kuraray is a globally recognized specialty chemical company that creates
quality, sustainable solutions that strengthen products from a diverse range
of industries.

Kuraray develops products that transform the ordinary—pulp to paper, glue to
glass. From films that make glass safer to coatings that make paper stronger,
KurarayPovalresins are used in diverse applications across industries. Known
for their commitment to making quality solutions, Kuraray also focuses on
improving the community and the environment and developing market-leading
research to drive innovation. For more information about Kuraray Poval visit:
www.kuraray-poval.com.

Contact:

Kuraray
Deborah Kleinen, 713-495-7303
Deborah.kleinen@kuraray.com
 
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