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Kuraray

Summary

Kuraray Co., Ltd (株式会社クラレ, Kabushiki-gaisha Kurare) is a Japanese manufacturer of chemicals, fibers and other materials. Their main manufacturing facilities are located in Kurashiki, Okayama. The company's Tokyo administrative offices are located in Otemachi, Chiyoda in the Ote Center Building and its Osaka offices are located in the Umeda Hankyu Building).[4][5] As of June 2007, Kuraray was the sole worldwide producer of Vectran liquid crystal polymer (LCP) fibre.[6]

Kuraray Co., Ltd.
株式会社クラレ
Company typePublic (K.K)
TYO: 3405
Nikkei 225 Component
IndustryChemicals
FoundedKurashiki, Okayama, Japan (June 24, 1926; 98 years ago (1926-06-24))
FounderMagosaburō Ōhara
Torajiro Kojima
HeadquartersOte Center Building,1-1-3, Ōtemachi, Chiyoda-ku, Tokyo 100-8115, Japan
(Tokyo head office)
Umeda Hankyu Building Office Tower, 8-1, Kakudacho, Kita-ku, Osaka 530-8611, Japan
(Osaka head office)
Key people
Hitoshi Kawahara
(President and CEO)
Products
¥44.3 billion (2020)
¥2.6 billion (2020)[1]
Number of employees
11,219 (consolidated as of December 31, 2020)
SubsidiariesCalgon Carbon Corporation

Chemviron

MonoSol, LLC
WebsiteOfficial website
Footnotes / references
[2][3]

The company is listed in the first section of Tokyo Stock Exchange and is a member of the Nikkei 225[7] stock market index.

Kuraray is a member of the Mizuho keiretsu.

History

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In April 2015, Kuraray acquired the Australian manufacturer of biobased barrier films Plantic Technologies.[8] In September 2017, Kuraray acquired Calgon Carbon for $1.1 billion, an activated carbon maker based in Pittsburgh.[9][10] In February 2021, Kuraray signed the global framework of the United Nations Global Compact.[11]

Product Offerings

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Various products are described below:[12]

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  •  
    Kuraray's Osaka head office in the Umeda Hankyu Building Office Tower
  •  
    The company's Tokyo head office in the Ote Center Building
  •  
    High performance rope with cover made from Vectran
  •  
    Kuraray's Septon 4055 under atomic force microscope

Incidents

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In May 2018, an explosion occurred in Kuraray's Pasadena plant in the US, injuring 21 workers. The plant is the world's largest ethylene vinyl alcohol plant.[14][15] Kuraray agreed to pay a total of $92 million in settlement to the affected employees.[16] In September 2019, a plasticizer leaked from Kuraray's plant in Fayetteville to the Cape Fear River, forcing the Brunswick County to stop drawing water from the river.[17]

References

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  1. ^ "Business Results for the Fiscal Year Ended December 31, 2017 (Unaudited)" (PDF). Kuraray Co., Ltd. Retrieved 13 October 2018.
  2. ^ "Company Overview". Kuraray. Archived from the original on June 19, 2016. Retrieved September 18, 2014.
  3. ^ "Company Snapshot". Bloomberg Businessweek. Archived from the original on September 18, 2014. Retrieved September 18, 2014.
  4. ^ "Kuraray: about us". Kuraray. Archived from the original on June 19, 2016. Retrieved September 30, 2011.
  5. ^ "Company Overview". Thomson Reuters. Retrieved September 18, 2014.
  6. ^ "Kuraray Expands VECTRAN Superfiber Manufacturing" (Press release). Kuraray. June 22, 2007. Archived from the original on November 4, 2015. Retrieved March 4, 2010 – via K-Online.de.
  7. ^ "Components:Nikkei Stock Average". Nikkei Inc. Retrieved September 18, 2014.
  8. ^ "Kuraray acquires biobased barrier film producer Plantic". plasticstoday.com. 2015-11-20. Retrieved 2021-05-07.
  9. ^ Reich, Marc S. (21 September 2017). "Kuraray snags Calgon Carbon for $1.1 billion". cen.acs.org. Retrieved 2021-05-07.
  10. ^ Wilson, Thomas (2017-09-21). "Japan chemical maker Kuraray to buy Calgon Carbon for $1.1 billion". Reuters. Retrieved 2021-05-07.
  11. ^ Russell, Michelle (2021-02-17). "Japan's Kuraray commits to UN Global Compact". www.just-style.com. Retrieved 2021-05-07.
  12. ^ "Product Information | kuraray". www.kuraray.com (in Japanese). Retrieved 2020-03-17.
  13. ^ a b Sumito, Kiyooka (2011). "Structure and functionality of steam-jet fiber Felibendy | Article Information | J-GLOBAL". Chemical Fibers International. 61 (1): 32–33. ISSN 1434-3584.
  14. ^ Blakinger, Keri; Blunt, Katherine (2018-05-19). "21 injured in fire, explosion at Pasadena industrial plant". Chron. Retrieved 2021-05-07.
  15. ^ Team, HPM Digital (2018-05-19). "UPDATE: 21 Injured After Explosion At Pasadena Chemical Plant". Houston Public Media. Retrieved 2021-05-07.
  16. ^ "Chemical Firm Agrees to $92M Settlement after Plant Fire". powderbulksolids.com. 2019-10-25. Retrieved 2021-05-07.
  17. ^ Wagner, Adam (25 September 2019). "Chemical spill keeps Wilmington-area utilities from drawing raw water from Cape Fear". The News & Observer. Retrieved 7 May 2021.
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  • Official global website (in English)
  • Kuraray America, Inc.
  • Kuraray Europe GmbH