Beginning in 2008, Kureha Corp. in Japan began investing more than $100 million in a new, wholly-owned subsidiary, Kureha PGA, LLC to build a plant for the production and sale of the high-performance polymer polyglycolic acid. Production of PGA began in 2011.
The establishment of this PGA business is another milestone in Kureha's vision of becoming a specialty products company. PGA will become a centerpiece in Kureha's strategy of focusing on value-added, highly-differentiated products therefore setting us on a path of strong growth and profitablity.
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