According to Kyodo News, Japanese chemical fiber giant Kuraray announced on the 5th that it will build a new plant in Texas to produce polyvinyl alcohol resin for use in adhesives and other products. The factory's investment will be approximately 20 billion yen (approximately RMB 1.6 billion) and will be put into production in 2014. Kuraray will actively use the new type of natural gas “shale gas†that is rapidly expanding in the US to reduce raw material and fuel costs. The annual capacity of the new plant is 40,000 tons, which will increase to around 60,000 tons in 2016. Kula Li said, "This move is intended to respond to the needs of the Central and South American market, which grows at a rate of 4 to 5% per year." Number Plate Cover For Car,Car Number Plate Cover,Waterproof License Plate Cover,Car Number Plate Protector Ningbo Longyang Auto Products Co., Ltd. , https://www.longyang-manufacturer.com