Kureha (JP:4023) has released an update.
Kureha Corporation has announced the issuance of green bonds to fund the expansion of its PVDF production capacity by approximately 80% to meet the growing demand for lithium-ion battery components in electric vehicles. The company’s investment in new production facilities at its Iwaki Factory is aligned with its long-term management plan to enhance economic value and reduce environmental impact, with the goal of advancing towards carbon neutrality. The 5-year bonds aim to raise a maximum of 20 billion yen, backed by the company’s strong commitment to sustainability, as evidenced by the highest rating from the Japan Credit Rating Agency.
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