Kuraray America's Eval Business Unit Announces EVAL(TM) EVOH Product

Tag : Suede Synthetic

Kuraray ( News ) America Inc. ' s Eval Business Unit announced today that it will raise the priceof all of its EVAL TM EVOH products, resins and films, by $0.45/pound. This increasewill be effective on September 1, 2008, or as soon as agreementsallow.
George Avdey, EVAL Business Unit President, said these increasesare necessary in response to the astounding and sustained increasesin energy, raw materials, utilities, packaging, transportation, andother costs.
” Despite our best efforts to mitigate these unrelenting increases inthe global cost of oil, natural gas and petrochemical derivativesthrough productivity improvements, cost controls, energy recoveryprojects and efficient capital expansions, we must take this actionto maintain a stable supply of products, now and in the future. Wewill meet global demand for barrier solutions in food packaging,which continues to grow, as our customers innovate to meet therequirements of brand owners. 
About Kuraray
Kuraray Co. Ltd., with annual sales of $4.2 billion and 7,000employees worldwide, is engaged in a broad array of uniquebusinesses. Its subsidiary, Kuraray America, Inc., supplies theWestern Hemisphere with materials including isoprene-derivedproducts such as thermoplastic elastomers (Septon ® ), pharmaceutical and agricultural chemical intermediates and aromachemicals, as well as dental materials, activated carbon, Vectran ® fiber, Amaretta ® synthetic suede, Genestar ® Nylon 9T, Poval ® PVOH resins, EVAL resins, EVAL TM films, and KURARISTER ® films. Kuraray ' s proprietary products that boast top share in their marketscompose about 50% of Kuraray ' s net sales, as well as 48% of overseas sales, with global growthcontinuing.
The EVAL Business is designated a ” core business  in Kuraray ' s ” GS-21  medium-term business plan, now in its final year, because of theuniqueness and competitiveness EVAL displays worldwide. Kuraray hasendeavored to expand these operations, and, through exactingresponses to market needs, the development of new products, and thedevelopment of new markets, the Company is working to consolidateits position as a global leader in the gas-barrier related businessdomain.




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