DATE : 2015-01-12
Japanese group Kuraray has set in place a new strategic plan (GS-Step) for 2015-2017. By 2017 the group wants to be making sales of Yen 650 bn and operating profits of Yen 90 bn. For 2014 it registered operating profits of Yen 54 bn on a Yen 515 bn turnover. In order to meet its medium term financial objectives, the group will strengthen its position on the vinyl acetate, isoprene, functional materials, fibres and textiles markets. It will also develop new businesses. It is aiming to increase the proportion of turnover it makes on the international markets from 55% in 2013 to 68% in 2017. In particular, it expects to see sustained sales growth in N America. Over the next 3 years, Kuraray will invest Yen 200 bn (Yen 70 bn/y). Approximately 60% of this sum will be spent on increasing capacity. The group is planning to increase its polyvinyl alcohol resin films and Vecstar liquid crystal polymer films capacity in Saijo, Japan.
It also intends to increase methacrylic resins capacity in Niigata, Japan. In addition it will increase production volumes in N America, Europe and Asia.
SOURCE Chimie Pharma Hebdo