Kaneka Corporation, Osaka, Japan, has made plans to build a new CoQ10 plant in the U.S. due to the rapid growth in consumer consumption of the nutrient. The new plant will be built on a 47-acre tract in Pasadena, TX, and will have an initial annual production capacity of 100 metric tons. It is scheduled to be completed in the Spring of 2006 at a total cost of approximately $80 million. To service this new plant, Kaneka has established a wholly owned subsidiary, Kaneka Nutrients L.P., which will employ approximately 60 people.
In other news, the company has doubled the annual production of its trademarked KanekaQ10 at its Takasago, Japan, facility to 150 metric tons in order to meet the increasing worldwide demand for CoQ10 at a total cost of approximately $33 million.