Kuraray Co Ltd - Company Profile
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Business Description
Kuraray Co Ltd (Kuraray) is a chemical company that produces and supplies plastics, fabric, manmade leather, nonwoven fabric, hook and loop fasteners, resin, chemicals, elastomers, and rubber. The company offers engineering, design, construction, and maintenance services for chemical and pharmaceutical industries, and food processing and electronic material manufacturing facilities. It also provides resin-based dental materials, dental adhesives, and cement to bond dental structures. The company operates through six reportable business segments: Vinyl Acetate, Isoprene, Functional Materials, Fibers and Textiles, Trading and Others. The company has major operations in the US, Germany, Belgium, China, and Singapore.
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R&D Overview
Kuraray's R&D initiatives focus on promoting projects that contribute to business expansion and profit growth through three main missions: creating new business, strengthening and expanding existing businesses, and establishing and deepening core technologies. Under the "PASSION 2026" strategy, the company emphasizes resource allocation for high-priority projects, development contributing to carbon neutrality and a circular economy, and the promotion of digital-related measures, open innovation, and human resource development. The company collaborates with the Innovation Networking Center to facilitate global marketing, speed up development, and generate new business ideas, particularly in areas like carbon neutrality and alternative technologies to PFAS. The company also accelerates R&D through digital measures such as robotics, materials informatics, advanced simulation technology, proprietary AI, and open innovation. The R&D units of Kuraray include the Kurashiki Research Center and the Tsukuba Research Center. These facilities are responsible for planning, proposing, and promoting R&D themes. Additionally, the company has formed a digital solutions department and external collaboration group to promote digital-related measures and open innovation. The Life Innovation Promotion Group has been upgraded to the Business Promotion Department to enhance global marketing in the life science field. The Tokyo Lab, established within the Tokyo Women’s Medical University-Waseda University Joint Institution for Advanced Biomedical Sciences, promotes open innovation in the life science field by enhancing customer solutions and accelerating industry-academia collaboration. The company has two R&D centers: the Kurashiki Research Center and the Tsukuba Research Center. In FY2024, it spent JPY25,472 million on R&D, which increased 10.4% YoY and was 2.2% of its revenue.
Business Segments
Overview
Manufactures and sells CLARINO, which is a man-made leather with a structure and functionality as elaborate as natural leather. Manufactures KURAFLEX, a nonwoven fabric, which is used for lifestyle products, industrial materials and as MAGIC TAPE hook-and-loop fastener. It also produces KURALON, which is used in reinforcement materials for concrete and automotive-related components;
Performance
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Overview
It manufactures and sells medical products, methacrylate resin, and carbon materials.
Performance
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Overview
Manufactures and markets isoprene-related products, SEPTON thermoplastic elastomer and GENESTAR. SEPTON is a styrenic thermoplastic elastomer. It is used in making variety of TPE compounds. SEPTON specific grades are used in medical, mobility, consumer goods and oil modification applications. GENESTAR is a polyamide engineering plastic with good heat resistance, low water absorption, high chemical resistance and dimensional precision. It is used in electronic electrical and automotive parts.
Performance
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Overview
It includes company’s other operations which are not included in any of the business segment, such as engineering and aqua business.
Performance
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Overview
It processes and sells manmade leather and synthetic fibers. It also plans and markets other products produced by the Kuraray Group and other companies.
Performance
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Overview
Manufactures and markets films and functional resins including EVAL, PVA and PVB. PVA resin has water solubility and adhesive properties. It finds application in manufacturing LCDs and is also used for unit dose detergents. PVB films are resilient and tough. It is used as an interlayer for laminated glass. Its EVAL resin has a good gas barrier property and used for food packaging, automotive fuel tanks, pharmaceuticals, agricultural produce, cosmetics and industrial products.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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