Gunze Limited announce that it will complete the transformation of its Moriyama Factory, the core of its plastic film business, into a Circular Factory™ (Resource Recycling Factory) on April 18. The factory will not only utilize solar energy and large water resources as energy, but will also consider products and raw materials that were discarded without use in the traditional linear system of "Take (resource extraction), Make (production), and Waste (disposal)" as new resources, creating a manufacturing system that recycles resources without producing waste. The plant will be a high-tech facility with a production system that recycles resources without producing waste.

Overview of Moriyama Circular Factory: Location: 163 Morikawahara-cho, Moriyama-city, Shiga, Japan Business description: Manufacture of shrinkable film for labels - Construction completion date: April 18, 2023 Total floor area: 10,786 square meters - Structure: Steel construction - Projected investment amount: JPY 9,494 million (total investment through fiscal year 2027 with a view to final form). Future developments: Upon completion of the Circular Factory, a recycling center will be established by 2026 to separate and recycle on a commercial basis various type of multilayer films, such as nylon and PET, which have been difficult to do with conventional technology. The current trend for packaging materials that require gas barrier properties is toward mono-materials that are easy to recycle, but the company will promote the use of this separation and regeneration technology to take advantage of the company's core competence, which is technology to add functionality through multilayering.