Kuraray Completes Sale of European PVB Film Business

摘要

Tokyo, Japan: Kuraray has completed the divestment of the company's European polyvinyl butyral (PVB) film business to GVC Holdings' subsidiary, GVC. This is a part of the company's efforts to comply with the European Commission's conditional approval for Kuraray's acquisition of DuPont's glass-laminating solutions/ vinyl (GLSV) business. The PVB film assets that would be transferred to GVC are a production facility in Uentrop, Germany and a research and development centre in Mechelen, Belgium. Kuraray produces specialty chemicals, fibres and other materials, including functional resins and films, synthetic isoprene chemical products, synthetic leather, vinylon fibre and polyester fibre.