21 November 2013
Details
Kuraray and DuPont
have signed a definitive agreement for
the DuPont to sell glass laminating Solutions/Vinyls (GLS/Vinyls),
a part of DuPont Packaging & Industrial Polymers, to Kuraray
for US $ 543 million, plus the value of inventories, to be completed
during the firs half of 2014 pending customary regulatory approvals.
About GLS/Vinyls Business of DuPont
- GLS/Vinyls is a leading supplier of
* Polyvinyl butyral (PVB) and inomer sheets for safety glass, and
* Vinyl Acetate Monomer (VAM) and
* Polyvinyl Alcohol (PVA) products used in a variety of architectural,
automotive and industrial application
- GLS/Vinyls Business delivered full-year 2012
net sales of more than US$500 million.
- It has about 600 employees
with six manufacturing sites in the U.S., Europe and Asia
that serve more than 350 customers worldwide.
DuPont Packaging & Industrial Polymer,
William J. Harvey, President
- GLS/Vinyls will have a good home with Kuraray.
The company's focus on PVA
as a central part of its core Vinyl Acetate business,
its strong global market positions and its capacity
to invest in GLS/Vinyls all make this a good fit.
Kuraray's Vinyl Acetate Company,
Keiji Murakami, President
- We will benefit from DuPont's talented global GLS/Vinyls team
and their technology, R&D, manufacturing and sales network
that has supported it over the years.
- I am convince these areas of expertise will allow us
to continue to expand our Vinyl Acetate Business going forward.
About Kuraray's Vinyl Acetate Business
- As a pioneer of Vinyl Acetate related business,
Kuraray has a global presence in the business area of
* PVA resin,
* PVB resin and film,
* PVA film used for food packaging and detergent unit packing,
* EVOH (ethylene vinyl alcohol) resin used for
food packaging and gasoline tanks and
* PVA fiber used for a substitute of asbestos and
a reinforcing material of cement.
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