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Kuraray expands into biobased barrier film market with Plantic acquisition

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Kuraray acquires Plantic
JAPAN/AUSTRALIA –
Kuraray Co Ltd has acquired Australian biobased barrier film manufacturer Plantic Technologies Limited, as part of its strategy to expand into the biobased food packaging market sector.

Kuraray, which was the first company to commercialise and launch the barrier resin EVAL (ethylene vinyl alcohol copolymer) in 1972, is a well-known Japanese manufacturer of industrial and food packaging barrier films.

For Kuraray, this acquisition of Plantic will equip it to access and serve growing demand for more environmentally-friendly packaging film solutions.

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PACKAGING BUSINESS INSIGHT ASIA

1 PBIA May2015 web

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