Kuraray Co., Ltd. (Headquarters: Chiyoda-ku; President: Hitoshi Kawahara) announces a planned increase of its globally in-demand ethylene vinyl alcohol copolymer (EVOH resin; Kuraray trademark: EVAL™) production capacity in its bases of operation in the United States and Europe.
A total of 5,000 tons/year will be added to the capacity of U.S., and European bases of operation in 2024, with another 5,000 tons/year to be added in 2026. This 10,000-tons/year total capacity increase will bring global production capacity from the present 103,000 tons/year to 113,000 tons/year.
Besides, a project team established last year is currently deliberating on the creation of a new base of operations in Asia.
According to company, the need for food packaging will continue to increase in Asia, where the market for EVOH resin is expanding significantly.
Background of Capacity Expansion
- EVAL™ is frequently used for food packaging due to its outstanding gas barrier qualities, which guard against deterioration of the contents.
- The company expects that demand for EVAL™ will rise even further in the future as food packaging shifts to using just one type of material, as required for a circular economy, and as food products become more long-lasting to reduce food waste.
- The increase in EVAL™ demand had been centered primarily in industrialized nations, such as Japan and the United States, as well as those in Europe. However, demand is now rising in emerging nations. To secure a stable supply structure, Kuraray has determined that it is necessary to boost its EVAL™ production capacity.
