Kureha Corp. (TYO:4023) is gearing up to establish a new technical service base in the U.S. in aim of increasing frac plug sales. Used in the realm of shale gas and oil extraction, frac plugs have been highlighted in Kureha’s medium-term management plan as one means for getting the company’s polyglycolic acid (PGA) business back to profitability. Aims with the new facility are to have a hybrid organization with both Japanese and locally based company personnel set up in Houston, Texas, this September.
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