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Kuraray to divest part of businesses run by its US subsidiary

June 17/2021

MOSCOW (MRC) -- Kuraray Co., Ltd. (Tokyo, Japan) has announced its decision to divest operations related to UV-based water treatment and ballast water treatment run by Calgon Carbon Corporation, a Group subsidiary based in the United States, as per the company's press release.

The divested operations will be transferred to De Nora Water Technologies LLC in Italy.

The business transfer is scheduled for the end of June.

Financial details of the transaction have not been disclosed.

Calgon Carbon is the worlds largest manufacturer of activated carbon, supplying activated-carbon products including bituminous coalbased carbon, wooden carbon, and palm-shell-based carbon. Kuraray acquired Calgon Carbon in 2018 for USD1.1 billion.

As MRC informed before, Kuraray America, a subsidiary of the Kuraray Group and one of the leading international companies in the production of specialty chemicals, fibers, resins and elastomers, has resumed operations at its vinyl acetate monomer (VAM) plant in La Porte, Texas, USA. This plant with the capacity of 335,000 mt/year was shut in mid-February because of the unprecedently low temperatures in the region and restarted on 2 April, 2021.

VAM is the main raw material for the production of ethylene-vinyl-acetate (EVA).

According to MRC's DataScope report, April EVA imports to Russia rose by 35,63% year on year to 4,090 tonnes from 3,020 tonnes a year earlier, and overall imports of this grade of ethylene copolymer into the Russian Federation grew in January-April 2021 by 20,24% year on year to 14,990 tonnes (12,47 tonnes a year earlier).

iKuraray America is one of the world's largest specialty chemicals, fibers, resins and elastomers companies. The company's manufacturing facilities are located in Houston, Texas.


mrcplast.com
Author:Margaret Volkova
Tags:vinilacetat, EVA, petrochemistry, adhesives, Kuraray, Italy, USA, Japan.
Category:General News
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