Kuraray 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.
Total Global Production of 113,000 tons/year
A total of 5,000 tons/year will be added to the capacity of the US 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.
Also, as detailed in the company’s PASSION 2026 medium-term management plan, a project team established last year is currently deliberating on the creation of a new base of operations in Asia, anticipating that the need for food packaging will continue to increase in Asia, where the market for EVOH resin is expanding significantly. To improve the capacity to react swiftly to customers’ needs, Kuraray intends to set up a technical center at the new Asian base of operations.
Background of Capacity Expansion
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EVAL™ is frequently used for food packaging due to its outstanding gas barrier qualities, which guard against deterioration of the contents.
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We expect 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.
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The increase in EVAL™ demand had been centered primarily in industrialized nations, such as Japan and the United States and 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.
Source: Kuraray