Tokyo, Nov 4, 2011 (JCN) - Kuraray Co. Ltd will be investing 4 billion yen ($51.27 million) in boosting the production of its EVAL ethylene vinyl alcohol copolymer (EVOH resin) in Kuraray America Inc., its wholly owned subsidiary located in Texas, United States.
The company will add 12,000 tons to its annual capacity of 35,000 tons to address the steadily expanding demand for EVAL, particularly in food packaging applications as well as in automobile fuel tanks.
Kuraray was the first to commercialize the high-performance EVOH resin, which it launched in 1972 under the brand name EVAL. EVAL boasts the highest level of gas barrier properties among all plastics. Currently, Kuraray accounts for about 65% share of the global EVOH resin market.
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