kuraray co ltd annual report 2005 for the year ended march 31 01 to our shareholders 02 consolidated financial highlights 03 a message from president 08 special issue 14 board of directors corporate auditors and executive officers 15 governance 16 at glance 18 review operations 19 chemicals resins 22 fibers textiles 24 high performance materials medical products others 26 research development 28 social responsibility 30 section 55 companies 56 history 57 investor information was established in 1926 kurashiki okayama prefecture with objective commercializing rayon 1958 company commenced manufacture sale poval polyvinyl alcohol pva resin used production kuralon ensuing years continued build on excellence that technology expand its presence global markets subsequently initiated sales highly original including clarino man made leather evoh eval isoprene achieving major expansion as chemical maker december 2004 acquired pvb film business ht troplast ag germany is currently implementing g 21 medium term plan
