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Kuraray Opens Brazilian Arm

July 13, 2011

Subsidiary to support growth in the region.

Kuraray, a Japanese producer of nonwovens and other textile-related products, held an opening ceremony in Sao Paulo, Brazil this week to mark the start of its local Brazilian subsidiary, Kuraray South America, which wasestablished in 2010. The new subsidiary will serve as a base to undertake sales and market development of Kuraray Group products in South America, reflecting the importance of accelerating global strategies for Kuraray's core businesses.

"Brazil and the rest of South America have enjoyed remarkable growth, making the region an indispensable aspect of Kuraray's global strategy. In particular, amid forecasts that Brazil will continue to experience significant economic growth, I am certain that Kuraray Group technologies and products will make a major contribution to Brazil's development," said Fumio Ito, president of Kuraray during the ceremony.

Kuraray will utilize Kuraray South America as a base for marketing group products with the aim of further promoting the development of the South American market, which displays considerable growth potential.