Kuraray Co., Ltd. hereby announced its decision to withdraw from the dry-laid nonwoven fabrics business and to reduce production capacity for meltblown nonwoven fabrics.
Kuraray has manufactured and sold dry-laid nonwoven fabric since 1972 and meltblown nonwoven fabric since 1989. In recent years, however, the business environment has become increasingly severe due to oversupply resulting from the expansion of facilities by other companies in Asia and declining domestic demand. Having examined our future business policy, we have determined that restructuring through a reduction in production capacity is imperative.
We will restructure our nonwoven fabric business by focusing our management resources on the meltblown nonwoven fabric business.
Dry-laid nonwoven Production will cease at the end of December 2024, and sales will cease at the end of March 2025. Meltblown nonwoven fabric is Production lines in Okayama Plant halted at the end of June 2024, and production was consolidated at Kuraray Saijo Plant.