Abstract
FUJIFILM AND KURARAY, two producers of key materials used in the manufacture of liquidcrystal displays (LCDs), will invest hundreds of millions of dollars in Japan in new production capacity for polarizer films. The driver behind both projects is strong global demand for flat-display television sets. Fujifilm is spending a total of $460 million on new production lines for making triacetate cellulose films. Kuraray will spend $57 million to expand production of polyvinyl alcohol-based film. Kuraray has a near-monopoly in the market for the polyvinyl alcohol films that are the base films in LCD polarizers, which sharpen TV displays. The company will add 20 million m 2 of capacity at a plant in Ehime, Japan. With a market share in excess of 80%, Fujifilm dominates the market for triacetate cellulose films used as a protective layer on the polarizers. The company is adding three production lines in Japan for films that will be used to make ...
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