(PlastEurope) -- In response to rising demand for its ⌠Eval EVOH resins, Kuraray (Tokyo / Japan) has announced a EUR 40m investment to raise ⌠Eval output at its North American subsidiary's plant in Pasadena, Texas. The 12,000 t/y capacity expansion is due to come on stream in January 2014. Kuraray currently has capacity to turn out 35,000 t/y of EVOH at the site.
The Japanese group also operates a 24,000 t/y EVOH line in Antwerp / Belgium as well as a 10,000 t/y facility in Okayama / Japan. Thanks to its gas barrier properties, ⌠Eval largely is used in food packaging applications to offer better preservation, as well as for automotive fuel tanks.
Perspectives of development of the polymers markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit is organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers' presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.