Brief: Kureha Corp - To Discontinue Pvdf Facility Expansion In China And Withdraw From Heat Shrink Multilayer Film Business

Kureha

27/03/2024 06:08

March 27 (Reuters) - Kureha Corp  4023.T :
    * TO DISCONTINUE PVDF FACILITY EXPANSION IN CHINA AND
WITHDRAW
FROM HEAT SHRINK MULTILAYER FILM BUSINESS
    * TO RECORD LOSS OF ABOUT 2.3 BILLION YEN DUE TO
DISCONTINUED
CHINA FACILITY EXPANSION PROJECT AND LOSS OF ABOUT 2.3 BILLION
YEN ASSOCIATED WITH WITHDRAWAL FROM HEAT SHRINK MULTILAYER FILM
BUSINESS
    * ANTICIPATE FINANCIAL IMPACT OF DISCONTINUED PROJECT AND
BUSINESS
WITHDRAWAL WILL EXTEND OVER FY2023-2024

Source text for Eikon:  ID:nTSoa88e3d 
Further company coverage:  4023.T