Kuraray to expand production facilities in Indiana in response to strong demand for PVA films for industrial applications, will invest approximately US$25M for phase one of facility in Portage, US$59M for existing MonoSol facility in Merrillville
Elyse Blye
TOKYO
,
June 27, 2014
(press release)
–
Kuraray Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President: Fumio Ito), has decided to expand its production facilities in Indiana, the United States (MonoSol LLC: a Kuraray Group wholly owned subsidiary; Headquarters: Merrillville, Indiana), in response to strong demand for PVA films for industrial applications.
Kuraray decided to establish a new factory, including new buildings and production equipment, in order to meet increasing demand, particularly in North America and Europe, for PVA film for various industrial applications. * Kuraray Co., Ltd. acquired U.S.-based MonoSol, LLC, which manufactures and sells PVA films, in June, 2012. This acquisition forms part of Kuraray’s strategy to expand its “Vinyl Acetate Chemical Chains Business,” which is one of its core businesses.
Facility Expansion Background
Overview of Facility Expansion
Location
Portage, Indiana, the United States
Investment targets
Property, buildings and production facilities
Invested amount
Approximately US$25 million in Phase I.
Operation target
January, 2016
Outline of MonoSol
Company name
MonoSol, LLC
Capital
US$59 million
Representative
P. Scott Bening, President & CEO
Headquarters
Merrillville, Indiana, the United States
Business offices
The United States and United Kingdom (production facilities)
Principal businesses
Manufacture and sale of PVA film for various industrial applications, such as packaging films for unit dose detergents, agrochemicals and dyes as well as mold-release films for synthetic marble and so on.
Number of employees
Approximately 450 (as of December 31, 2013)
Website
www.monosol.com
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