02/19/2020 | Press Releases
New Production Facility for PVA Water-Soluble Films to Be Established in Europe
Meeting Growing Global Demand and Strengthening Our Global Supply Chain
Kuraray Co., Ltd. (President: Masaaki Ito; Headquarters: Chiyoda-ku, Tokyo; hereinafter “Kuraray”) hereby announces that it will establish a new MonoSol production facility for PVA water-soluble films in Poland as demand grows for packaging film for unit dose detergents, pharmaceuticals, and other products.
Background of the New Facility
- Global demand is expanding for PVA water-soluble films for use as packaging for unit dose detergents, cosmetics, foods, agrochemicals, pharmaceuticals, and more. The market is expected to continue expanding going forward.
- Kuraray’s U.S. subsidiary MonoSol, LLC, which manufactures and markets PVA water-soluble films, has production bases located mainly in the US Midwest. However, we have now decided to establish a new production base in Poland with the aim of optimizing our global supply chain and expanding sales in Europe.
- To ensure the Company’s ability to meet diversifying customer needs as the world’s No. 1 supplier of PVA water-soluble films, Kuraray will expand its supply system while maintaining its focus on further enhancing product quality and developing new products.
Overview of the New Facility
Location: Zimna Wodka, Poland
Slated start: Mid 2022
Invested amount:Approximately ¥5.0 billion
The Kuraray Group defined its long-term vision for its 100th anniversary in 2026 as being a “Specialty Chemical Company, growing sustainably by incorporating new foundational platforms into our own technologies.” To help ensure the achievement of this vision, we are currently carrying out “PROUD 2020,” a three-year medium-term management plan spanning fiscal 2018 through 2020. Moving forward, Kuraray will continue actively pursuing growth-focused investment.