Kuraray says its Kuraray Europe (Frankfurt, Germany) subsidiary will invest ?58 million ($77 million) to expand its polyvinyl alcohol resin production facility at Frankfurt. The production capacity at the facility will be increased by 24,000 m.t./year, and the expansion is expected to be completed in the first quarter of the fiscal year ending March 31, 2014. The expansion of capacity is in response to growing demand for polyvi- nyl alcohol resin in the European markets, Kuraray says.
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